Private Management Group Inc. Purchases 133,415 Shares of Global Payments Inc. $GPN

Private Management Group Inc. increased its stake in Global Payments Inc. by 27.9% in the second quarter, purchasing an additional 133,415 shares, bringing its total holdings to 612,322 shares valued at approximately $44.4 million. Global Payments (NYSE: GPN) reported strong quarterly earnings, beating analyst estimates with $3.46 adjusted EPS and $3.16 billion in revenue, a 68.6% year-over-year increase. The company also declared a quarterly dividend of $0.25, contributing to an annualized payout of $1.00 and a 1.1% yield, while analysts maintain a "Hold" rating with an average price target of $92.36.