Flputnam Investment Management Co. Invests $775,000 in Global Payments Inc. $GPN

Flputnam Investment Management Co. acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,675 shares of the business services provider’s stock, valued at approximately $775,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPN. Strive Financial Group LLC bought a new position in Global Payments in the 4th quarter worth $25,000. DV Equities LLC acquired a new position in shares of Global Payments during the 4th quarter worth about $26,000. Johnson Financial Group Inc. acquired a new position in shares of Global Payments during the 3rd quarter worth about $35,000. Hantz Financial Services Inc. boosted its stake in Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 223 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in Global Payments in the 1st quarter valued at approximately $34,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPN has been the topic of several research analyst reports. BTIG Research restated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Wolfe Research reiterated an “outperform” rating and set a $125.00 target price (up from $110.00) on shares of Global Payments in a research note on Tuesday, August 25th. Citigroup reissued a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. The Goldman Sachs Group raised their price target on shares of Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company cut their price objective on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Global Payments has a consensus rating of “Hold” and an average target price of $92.52.

Global Payments Price Performance

Shares of GPN stock opened at $91.03 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.88. The firm’s 50 day moving average price is $82.87 and its two-hundred day moving average price is $74.78. The stock has a market cap of $24.09 billion, a PE ratio of -30.55, a PEG ratio of 0.53 and a beta of 0.74.

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

Global Payments Dividend Announcement

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

About Global Payments

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.