Evergreen Capital Management LLC Makes New $646,000 Investment in Global Payments Inc. $GPN

Evergreen Capital Management LLC purchased a new position in Global Payments Inc. (NYSE:GPN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,345 shares of the business services provider’s stock, valued at approximately $646,000.

A number of other large investors have also added to or reduced their stakes in GPN. Balyasny Asset Management L.P. grew its holdings in Global Payments by 112.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after acquiring an additional 1,206,807 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Global Payments by 117.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock valued at $93,443,000 after purchasing an additional 651,671 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Global Payments by 126.9% during the 3rd quarter. National Bank of Canada FI now owns 1,019,788 shares of the business services provider’s stock valued at $84,724,000 after purchasing an additional 570,413 shares in the last quarter. Glenview Capital Management LLC boosted its stake in shares of Global Payments by 13.8% during the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after purchasing an additional 523,209 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Global Payments by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock valued at $610,633,000 after purchasing an additional 499,695 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Global Payments in a research note on Monday, March 9th. They set a “hold” rating and a $88.00 target price on the stock. UBS Group reaffirmed a “neutral” rating and set a $87.00 target price (up from $80.00) on shares of Global Payments in a research note on Thursday, February 19th. BNP Paribas Exane cut their target price on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. Mizuho cut their target price on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Finally, Zacks Research raised shares of Global Payments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.20.

Global Payments Trading Down 0.2%

Shares of NYSE GPN opened at $67.75 on Friday. Global Payments Inc. has a 1 year low of $62.45 and a 1 year high of $90.64. The stock has a market cap of $18.65 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 0.40 and a beta of 0.76. The firm has a 50-day moving average of $71.38 and a 200 day moving average of $75.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the company posted $2.85 EPS. Global Payments’s revenue was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, sell-side analysts expect that Global Payments Inc. will post 13.75 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is 17.27%.

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.