Fox Run Management L.L.C. Makes New $1.36 Million Investment in Global Payments Inc. $GPN

Fox Run Management L.L.C. purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,417 shares of the business services provider’s stock, valued at approximately $1,364,000.

A number of other hedge funds have also recently made changes to their positions in GPN. Vanguard Group Inc. grew its holdings in shares of Global Payments by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock valued at $1,955,908,000 after purchasing an additional 149,441 shares during the last quarter. Glenview Capital Management LLC boosted its position in Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after buying an additional 523,209 shares during the period. Norges Bank bought a new position in shares of Global Payments during the second quarter valued at about $273,844,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Global Payments by 5.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,070,960 shares of the business services provider’s stock worth $165,760,000 after buying an additional 98,815 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Global Payments by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,649,083 shares of the business services provider’s stock worth $131,993,000 after buying an additional 24,795 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GPN has been the subject of several analyst reports. Truist Financial set a $85.00 target price on Global Payments in a report on Tuesday, January 20th. Zacks Research raised Global Payments to a “hold” rating in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Global Payments in a report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 target price on the stock. Raymond James Financial raised shares of Global Payments to a “moderate buy” rating in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $97.00 price target (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $91.52.

Global Payments Price Performance

Shares of Global Payments stock opened at $77.87 on Thursday. The business has a 50 day moving average of $75.84 and a 200 day moving average of $80.36. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $106.07. The company has a market cap of $21.80 billion, a PE ratio of 13.45, a P/E/G ratio of 0.49 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm earned $2.85 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is 17.27%.

Insider Buying and Selling at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of Global Payments stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total transaction of $927,884.00. Following the sale, the insider directly owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was purchased at an average cost of $81.42 per share, with a total value of $846,116.64. Following the transaction, the director directly owned 59,303 shares in the company, valued at approximately $4,828,450.26. This represents a 21.25% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.01% of the company’s stock.

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.