North Dakota State Investment Board Purchases New Stake in Global Payments Inc. $GPN

North Dakota State Investment Board purchased a new stake in Global Payments Inc. (NYSE:GPN) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 10,906 shares of the business services provider’s stock, valued at approximately $844,000.

Several other institutional investors have also recently added to or reduced their stakes in GPN. Root Financial Partners LLC acquired a new stake in Global Payments in the third quarter valued at $27,000. SouthState Bank Corp acquired a new stake in Global Payments in the third quarter valued at $28,000. REAP Financial Group LLC acquired a new stake in Global Payments in the third quarter valued at $28,000. True Wealth Design LLC raised its holdings in Global Payments by 183.6% in the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 279 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Global Payments in the fourth quarter valued at $34,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

Shares of GPN opened at $70.78 on Thursday. The firm has a 50-day moving average price of $68.77 and a 200 day moving average price of $73.71. The firm has a market capitalization of $19.36 billion, a PE ratio of -34.70, a P/E/G ratio of 0.38 and a beta of 0.75. 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 $62.45 and a 52-week high of $90.64.

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 analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. Global Payments’s revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts anticipate that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Global Payments’s dividend payout ratio is currently -49.02%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Argus dropped their target price on shares of Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. Rothschild & Co Redburn dropped their target price on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Mizuho dropped their target price on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Wells Fargo & Company increased their target price on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, Cantor Fitzgerald dropped their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Global Payments presently has an average rating of “Hold” and an average price target of $84.29.

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.