Commerce Bank Makes New Investment in Global Payments Inc. $GPN

Commerce Bank purchased a new position in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,380 shares of the business services provider’s stock, valued at approximately $971,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Westpac Banking Corp purchased a new position in shares of Global Payments in the second quarter worth about $100,000. Korea Investment CORP purchased a new stake in Global Payments during the 2nd quarter valued at about $3,026,000. EP Wealth Advisors LLC purchased a new stake in Global Payments during the 2nd quarter valued at about $362,000. Ieq Capital LLC acquired a new stake in Global Payments in the 2nd quarter valued at about $1,654,000. Finally, Paralel Advisors LLC acquired a new stake in Global Payments in the 2nd quarter valued at about $2,493,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

NYSE:GPN opened at $93.01 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of -31.21, a PEG ratio of 0.54 and a beta of 0.74. The company’s 50-day moving average is $81.34 and its two-hundred day moving average is $74.38. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $95.88.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts forecast that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments’s dividend payout ratio is presently -33.56%.

Analyst Ratings Changes

A number of research firms have weighed in on GPN. Argus set a $110.00 target price on shares of Global Payments and gave the stock a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird set a $120.00 price target on Global Payments in a research report on Thursday, August 6th. Truist Financial increased their price target on Global Payments from $79.00 to $95.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company reduced their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research lowered Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $92.36.

Global Payments Company Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.