Global Payments Inc. $GPN Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its holdings in Global Payments Inc. (NYSE:GPN) by 18.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,431,107 shares of the business services provider’s stock after purchasing an additional 227,317 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Global Payments were worth $110,768,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Global Payments in the fourth quarter valued at approximately $276,014,000. Balyasny Asset Management L.P. raised its position in Global Payments by 112.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after purchasing an additional 1,206,807 shares during the period. Clearbridge Investments LLC raised its position in Global Payments by 5,710.5% in the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after purchasing an additional 925,099 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Global Payments by 117.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock valued at $93,443,000 after buying an additional 651,671 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Global Payments by 126.9% in the 3rd 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 buying an additional 570,413 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Wells Fargo & Company increased their price objective on shares of Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. BMO Capital Markets assumed coverage on Global Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $76.00 target price for the company. Royal Bank Of Canada decreased their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. Finally, BTIG Research restated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.73.

Global Payments Stock Down 0.4%

Shares of NYSE GPN opened at $67.41 on Tuesday. The stock has a market cap of $18.44 billion, a PE ratio of -33.04, a price-to-earnings-growth ratio of 0.38 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64. The business has a 50-day moving average price of $69.06 and a 200 day moving average price of $73.03.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts forecast that Global Payments Inc. will post 13.88 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Global Payments’s dividend payout ratio is -49.02%.

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.