Jain Global LLC Invests $10.66 Million in Global Payments Inc. $GPN

Jain Global LLC acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 128,257 shares of the business services provider’s stock, valued at approximately $10,656,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Global Payments in the fourth quarter worth $725,000. Caxton Associates LLP acquired a new position in shares of Global Payments during the first quarter worth $243,000. Intech Investment Management LLC lifted its holdings in shares of Global Payments by 43.5% during the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 4,386 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Global Payments by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,070,960 shares of the business services provider’s stock valued at $165,760,000 after purchasing an additional 98,815 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Global Payments by 5.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,813 shares of the business services provider’s stock worth $4,787,000 after purchasing an additional 3,186 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

NYSE GPN opened at $68.02 on Tuesday. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.38 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s fifty day moving average price is $74.55 and its 200 day moving average price is $79.23. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $100.56.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities research analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Global Payments’s payout ratio is 17.27%.

Analyst Ratings Changes

Several research analysts recently weighed in on GPN shares. Rothschild & Co Redburn boosted their target price on Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group decreased their price target on Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Truist Financial set a $85.00 price target on Global Payments in a report on Tuesday, January 20th. Wells Fargo & Company boosted their price target on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, TD Cowen restated a “hold” rating on shares of Global Payments in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $91.36.

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.