Board of the Pension Protection Fund Has $1.43 Million Stock Position in Global Payments Inc. $GPN

Board of the Pension Protection Fund lifted its stake in shares of Global Payments Inc. (NYSE:GPN) by 351.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,500 shares of the business services provider’s stock after buying an additional 14,400 shares during the period. Board of the Pension Protection Fund’s holdings in Global Payments were worth $1,432,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Global Payments during the 2nd quarter valued at $273,844,000. Balyasny Asset Management L.P. increased 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 purchasing an additional 1,206,807 shares in the last quarter. National Bank of Canada FI raised its position in Global Payments by 126.9% in the third 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 during the last quarter. Hsbc Holdings PLC raised its position in Global Payments by 99.5% in the second quarter. Hsbc Holdings PLC now owns 1,124,558 shares of the business services provider’s stock valued at $89,820,000 after purchasing an additional 560,936 shares during the last quarter. Finally, Natixis boosted its stake in shares of Global Payments by 205.6% during the second quarter. Natixis now owns 778,204 shares of the business services provider’s stock valued at $62,287,000 after purchasing an additional 523,555 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on GPN shares. Cantor Fitzgerald restated a “neutral” rating and set a $88.00 price target (up from $80.00) on shares of Global Payments in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Truist Financial set a $85.00 price target on shares of Global Payments in a research report on Tuesday, January 20th. 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 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $91.36.

Global Payments Stock Down 2.0%

Global Payments stock opened at $68.27 on Friday. The firm has a market cap of $18.79 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.39 and a beta of 0.73. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $100.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a 50 day moving average price of $74.09 and a two-hundred day moving average price of $78.97.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company posted $2.85 earnings per share. Global Payments’s revenue for the quarter was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be issued 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 is Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is presently 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.