Hsbc Holdings PLC Buys Shares of 912,590 Global Payments Inc. $GPN

Hsbc Holdings PLC purchased a new position in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 912,590 shares of the business services provider’s stock, valued at approximately $65,864,000. Hsbc Holdings PLC owned about 0.34% of Global Payments at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Strive Financial Group LLC purchased a new stake in Global Payments in the 4th quarter worth approximately $25,000. DV Equities LLC purchased a new position in shares of Global Payments during the 4th quarter worth $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the third quarter worth $35,000. Torren Management LLC acquired a new stake in shares of Global Payments during the fourth quarter worth $34,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after purchasing an additional 223 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Trading Down 0.9%

GPN stock opened at $93.01 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a market cap of $24.61 billion, a price-to-earnings ratio of -31.21, a PEG ratio of 0.54 and a beta of 0.74. The business has a fifty day simple moving average of $81.34 and a 200-day simple moving average of $74.38. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned $3.10 earnings per share. The firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities research analysts expect that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Jefferies Financial Group upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn decreased their price target on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Susquehanna set a $111.00 price target on Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Argus set a $110.00 price objective on shares of Global Payments and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Wolfe Research reiterated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Global Payments in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Global Payments presently has a consensus rating of “Hold” and a consensus target price of $92.36.

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.