Private Management Group Inc. Buys 73,723 Shares of Global Payments Inc. $GPN

Private Management Group Inc. increased its stake in shares of Global Payments Inc. (NYSE:GPN) by 21.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 418,681 shares of the business services provider’s stock after purchasing an additional 73,723 shares during the quarter. Private Management Group Inc.’s holdings in Global Payments were worth $32,406,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Meeder Asset Management Inc. increased its position in shares of Global Payments by 12,309.6% during the 4th quarter. Meeder Asset Management Inc. now owns 10,300 shares of the business services provider’s stock valued at $797,000 after purchasing an additional 10,217 shares during the last quarter. Empowered Funds LLC increased its position in shares of Global Payments by 7.0% during the 4th quarter. Empowered Funds LLC now owns 9,177 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 598 shares during the last quarter. Meeder Advisory Services Inc. bought a new position in shares of Global Payments during the 4th quarter valued at approximately $319,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Global Payments during the 4th quarter valued at approximately $209,000. Finally, Zions Bancorporation National Association UT increased its position in shares of Global Payments by 2,271.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,850 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,772 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. TD Cowen restated a “hold” rating and set a $74.00 price objective (down from $86.00) on shares of Global Payments in a report on Thursday. Argus dropped their price objective on Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. Susquehanna set a $111.00 price objective on Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group initiated coverage on Global Payments in a report on Monday, March 9th. They set a “hold” rating and a $88.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Global Payments presently has an average rating of “Hold” and a consensus price target of $84.73.

Global Payments Price Performance

Shares of GPN stock opened at $65.45 on Friday. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of -32.09, a P/E/G ratio of 0.35 and a beta of 0.76. The stock has a fifty day simple moving average of $68.94 and a two-hundred day simple moving average of $73.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the business earned $2.82 EPS. The business’s revenue for the quarter was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts predict that Global Payments Inc. will post 13.88 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, June 12th. Global Payments’s dividend payout ratio is currently -49.02%.

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.