Waverly Advisors LLC Reduces Stock Position in Global Payments Inc. $GPN

Waverly Advisors LLC trimmed its position in Global Payments Inc. (NYSE:GPN) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,163 shares of the business services provider’s stock after selling 7,721 shares during the quarter. Waverly Advisors LLC’s holdings in Global Payments were worth $4,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westpac Banking Corp grew its position in Global Payments by 5,795.1% during the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares during the period. Gtcr LLC acquired a new stake in Global Payments during the first quarter worth about $2,911,939,000. LSV Asset Management raised its position in Global Payments by 30.8% during the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after acquiring an additional 105,500 shares in the last quarter. Gradient Investments LLC lifted its holdings in Global Payments by 156.9% in the second quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock valued at $3,306,000 after acquiring an additional 27,828 shares during the period. Finally, Pzena Investment Management LLC boosted its position in Global Payments by 4.6% in the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after purchasing an additional 500,887 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GPN. Barclays set a $89.00 price objective 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 raised their price target on shares of Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. TD Cowen lifted their price objective on shares of Global Payments from $90.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, August 26th. Argus set a $110.00 price objective on shares of Global Payments and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.85.

Global Payments Trading Down 0.1%

Shares of NYSE:GPN opened at $88.46 on Friday. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.88. The firm has a market capitalization of $23.41 billion, a price-to-earnings ratio of -29.68, a price-to-earnings-growth ratio of 0.48 and a beta of 0.78. 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 business’s 50 day moving average price is $86.24 and its 200-day moving average price is $75.81.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The firm’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities research analysts forecast that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

Global Payments Company Profile

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.