Flax Pond Capital LLC Takes $4.73 Million Position in Global Payments Inc. $GPN

Flax Pond Capital LLC purchased a new stake in Global Payments Inc. (NYSE:GPN) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 61,110 shares of the business services provider’s stock, valued at approximately $4,730,000. Global Payments accounts for about 3.5% of Flax Pond Capital LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in GPN. Strive Financial Group LLC purchased a new stake in Global Payments in the 4th quarter valued at $25,000. DV Equities LLC purchased a new position in shares of Global Payments during the 4th quarter worth $26,000. True Wealth Design LLC raised its holdings in shares of Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after acquiring an additional 279 shares during the period. Torren Management LLC purchased a new position in shares of Global Payments during the 4th quarter worth $34,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Global Payments during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GPN. Mizuho dropped their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Rothschild & Co Redburn reduced their target price on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. TD Cowen reiterated a “hold” rating and issued a $74.00 target price (down from $86.00) on shares of Global Payments in a report on Thursday, June 11th. Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Citigroup cut their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Global Payments has an average rating of “Hold” and a consensus target price of $84.73.

Global Payments Trading Up 0.2%

NYSE GPN opened at $67.03 on Friday. The firm’s 50-day moving average is $69.30 and its two-hundred day moving average is $72.82. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $18.34 billion, a P/E ratio of -32.86, a PEG ratio of 0.38 and a beta of 0.76.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The business 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 period last year, the business earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts anticipate that Global Payments Inc. will post 13.88 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

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.