Louisiana State Employees Retirement System Buys Shares of 12,100 Global Payments Inc. $GPN

Louisiana State Employees Retirement System purchased a new position in Global Payments Inc. (NYSE:GPN) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 12,100 shares of the business services provider’s stock, valued at approximately $814,000.

A number of other hedge funds also recently modified their holdings of GPN. Traynor Capital Management Inc. lifted its holdings in shares of Global Payments by 3.5% during the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 141 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after purchasing an additional 163 shares in the last quarter. Allworth Financial LP increased its stake in Global Payments by 43.2% during the 3rd quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after purchasing an additional 184 shares in the last quarter. Van ECK Associates Corp raised its holdings in Global Payments by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after buying an additional 187 shares during the period. Finally, New Mexico Educational Retirement Board boosted its holdings in shares of Global Payments by 1.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GPN. Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Cantor Fitzgerald reduced their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Morgan Stanley initiated coverage on Global Payments in a report on Monday, June 22nd. They set an “equal weight” rating and a $65.00 target price for the company. Raymond James Financial downgraded Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Finally, Rothschild & Co Redburn reduced their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.87.

Global Payments Price Performance

NYSE:GPN opened at $78.56 on Monday. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64. The company has a market cap of $21.49 billion, a P/E ratio of -38.51, a P/E/G ratio of 0.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The stock’s 50-day simple moving average is $69.56 and its 200 day simple moving average is $72.17.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, sell-side analysts forecast that Global Payments Inc. will post 13.86 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is currently -49.02%.

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.