Algebris UK Ltd. Has $22.07 Million Holdings in Global Payments Inc. $GPN

Algebris UK Ltd. raised its position in Global Payments Inc. (NYSE:GPN) by 33.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 284,945 shares of the business services provider’s stock after buying an additional 72,083 shares during the quarter. Global Payments makes up about 1.1% of Algebris UK Ltd.’s investment portfolio, making the stock its 27th biggest holding. Algebris UK Ltd.’s holdings in Global Payments were worth $22,065,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance raised its position in shares of Global Payments by 260.5% during the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after acquiring an additional 21,278 shares during the last quarter. BIP Wealth LLC raised its position in shares of Global Payments by 151.6% during the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after acquiring an additional 18,138 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Global Payments during the third quarter worth $905,000. Moore Capital Management LP grew its position in shares of Global Payments by 13.3% during the 3rd quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after buying an additional 27,200 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth approximately $1,024,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Up 4.2%

Shares of NYSE GPN opened at $70.78 on Thursday. The stock has a market cap of $19.36 billion, a P/E ratio of -34.70, a P/E/G ratio of 0.38 and a beta of 0.75. The firm has a 50 day moving average price of $68.77 and a 200 day moving average price of $73.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. Global Payments Inc. has a 52-week low of $62.45 and a 52-week high of $90.64.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts expect that Global Payments Inc. will post 13.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Global Payments’s payout ratio is presently -49.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPN. Citigroup lowered their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. BNP Paribas Exane lowered their price target on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. Raymond James Financial cut shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Finally, Rothschild & Co Redburn lowered their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.29.

Global Payments 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.