Fairtree Asset Management Pty Ltd Raises Stock Holdings in Global Payments Inc. $GPN

Fairtree Asset Management Pty Ltd boosted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 133.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,778 shares of the business services provider’s stock after purchasing an additional 9,011 shares during the quarter. Fairtree Asset Management Pty Ltd’s holdings in Global Payments were worth $1,311,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Thomasville National Bank grew its position in shares of Global Payments by 0.7% during the third quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock worth $1,483,000 after buying an additional 125 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in Global Payments by 23.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 152 shares during the last quarter. Swedbank AB grew its holdings in Global Payments by 0.3% during the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after acquiring an additional 154 shares in the last quarter. Oakworth Capital Inc. increased its position in shares of Global Payments by 1.7% in the 3rd quarter. Oakworth Capital Inc. now owns 11,271 shares of the business services provider’s stock worth $936,000 after purchasing an additional 186 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its stake in shares of Global Payments by 4.8% in the 2nd quarter. Samalin Investment Counsel LLC now owns 4,308 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 197 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Price Performance

Shares of Global Payments stock opened at $76.30 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $106.07. The firm has a fifty day simple moving average of $75.66 and a 200-day simple moving average of $80.26. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.42 and a beta of 0.73.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) 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 business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company posted $2.85 earnings per share. Global Payments’s quarterly 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. On average, sell-side analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s dividend payout ratio is 17.27%.

Insiders Place Their Bets

In other news, insider David Lawrence Green sold 11,600 shares of Global Payments stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total transaction of $927,884.00. Following the sale, the insider owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. This trade represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of the stock in a transaction dated Thursday, December 11th. The shares were purchased at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the completion of the transaction, the director owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This trade represents a 21.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

GPN has been the subject of a number of research reports. Truist Financial set a $85.00 price target on Global Payments in a research note on Tuesday, January 20th. Raymond James Financial upgraded Global Payments to a “moderate buy” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $97.00 price target (up from $95.00) on shares of Global Payments in a report on Thursday, February 19th. BNP Paribas Exane upped their price target on Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Thursday, February 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus target price of $91.52.

Global Payments Company 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.