Canada Pension Plan Investment Board Acquires New Stake in Global Payments Inc. $GPN

Canada Pension Plan Investment Board bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 135,810 shares of the business services provider’s stock, valued at approximately $9,854,000.

Several other hedge funds have also recently bought and sold shares of the company. Westpac Banking Corp increased its stake in Global Payments by 5,795.1% during the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares during the period. Gtcr LLC acquired a new stake in shares of Global Payments during the first quarter worth about $2,911,939,000. LSV Asset Management boosted its stake in shares of Global Payments by 30.8% in the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after purchasing an additional 105,500 shares during the period. Gradient Investments LLC boosted its stake in shares of Global Payments by 156.9% in the second quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock valued at $3,306,000 after purchasing an additional 27,828 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in shares of Global Payments by 4.6% in the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after purchasing an additional 500,887 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Down 0.9%

GPN stock opened at $91.86 on Friday. The company’s 50 day moving average price is $82.35 and its 200 day moving average price is $74.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The firm has a market capitalization of $24.31 billion, a price-to-earnings ratio of -30.83, a PEG ratio of 0.53 and a beta of 0.74.

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

Global Payments Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GPN shares. Citigroup reiterated a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Jefferies Financial Group upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group upped their price objective on Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Stephens set a $80.00 price objective on Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Truist Financial increased their price objective on Global Payments from $79.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday, August 25th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Global Payments presently has an average rating of “Hold” and a consensus price target of $92.36.

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.