Global Payments Inc. $GPN Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 93.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,412,128 shares of the business services provider’s stock after acquiring an additional 683,524 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Global Payments were worth $109,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GPN. Norges Bank acquired a new stake in shares of Global Payments during the 4th quarter valued at approximately $276,014,000. Balyasny Asset Management L.P. raised its position in shares of Global Payments by 112.3% during the 3rd 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 acquiring an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Global Payments by 5,710.5% during the 4th quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after acquiring an additional 925,099 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Global Payments by 117.3% during 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 acquiring an additional 651,671 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Global Payments by 126.9% during 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 acquiring an additional 570,413 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $80.00 price target on shares of Global Payments in a research report on Thursday, May 7th. Argus dropped their price target on Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Cantor Fitzgerald dropped their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. The Goldman Sachs Group assumed coverage on Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 price target on the stock. Finally, BMO Capital Markets began coverage on Global Payments in a research report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price target on the stock. 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, the company presently has an average rating of “Hold” and an average price target of $84.73.

Global Payments Trading Up 3.5%

NYSE:GPN opened at $67.72 on Friday. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $90.64. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of -33.19, a PEG ratio of 0.38 and a beta of 0.76. The business has a fifty day moving average of $68.99 and a 200-day moving average of $73.08. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts predict that Global Payments Inc. will post 13.88 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Global Payments’s dividend payout ratio is presently -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.