Empowered Funds LLC Makes New $1.48 Million Investment in Global Payments Inc. $GPN

Empowered Funds LLC purchased a new position in shares of Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,416 shares of the business services provider’s stock, valued at approximately $1,481,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Gtcr LLC acquired a new stake in shares of Global Payments in the 1st quarter worth $2,911,939,000. Pzena Investment Management LLC acquired a new position in Global Payments during the 2nd quarter valued at about $848,344,000. Norges Bank purchased a new stake in Global Payments in the fourth quarter valued at about $276,014,000. Deutsche Bank AG purchased a new stake in Global Payments in the second quarter valued at about $138,781,000. Finally, Legal & General Group Plc acquired a new stake in Global Payments in the second quarter worth about $120,036,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price target on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $103.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Barclays set a $89.00 target price on shares of Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. The Goldman Sachs Group boosted their target price 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, Deutsche Bank Aktiengesellschaft cut their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $92.52.

Global Payments Stock Down 1.3%

Shares of GPN stock opened at $91.60 on Friday. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The firm has a market capitalization of $24.24 billion, a PE ratio of -30.74, a P/E/G ratio of 0.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day simple moving average is $84.37 and its 200-day simple moving average is $75.24.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts expect that Global Payments Inc. will post 13.65 earnings per share for the current year.

Global Payments Announces Dividend

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

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.