Strs Ohio Boosts Stock Holdings in Global Payments Inc. $GPN

Strs Ohio raised its stake in Global Payments Inc. (NYSE:GPN) by 97.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,617 shares of the business services provider’s stock after purchasing an additional 39,346 shares during the quarter. Strs Ohio’s holdings in Global Payments were worth $5,358,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Traynor Capital Management Inc. increased 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 worth $327,000 after buying an additional 141 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Global Payments by 1.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after acquiring an additional 163 shares during the last quarter. Allworth Financial LP grew its position in Global Payments by 43.2% during the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 184 shares during the period. Van ECK Associates Corp grew its position in Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after acquiring an additional 187 shares during the period. Finally, New Mexico Educational Retirement Board grew its position in Global Payments by 1.8% during 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 acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Up 1.8%

NYSE GPN traded up $1.39 during trading hours on Tuesday, hitting $78.80. The company had a trading volume of 282,167 shares, compared to its average volume of 3,710,490. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of -38.59, 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 current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50 day moving average is $69.56 and its 200 day moving average is $72.17.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion for 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 firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts anticipate that Global Payments Inc. will post 13.86 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GPN shares. Royal Bank Of Canada cut their price objective on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Citigroup decreased their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Mizuho dropped their target price on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Finally, Raymond James Financial lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.87.

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.