Gtcr LLC Acquires Shares of 43,268,041 Global Payments Inc. $GPN

Gtcr LLC acquired a new position in shares of Global Payments Inc. (NYSE:GPN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,268,041 shares of the business services provider’s stock, valued at approximately $2,911,939,000. Global Payments makes up about 77.0% of Gtcr LLC’s investment portfolio, making the stock its biggest position. Gtcr LLC owned 0.16% of Global Payments at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of 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 buying an additional 163 shares in the last quarter. Allworth Financial LP lifted its position in Global Payments by 43.2% during the 3rd quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after acquiring an additional 184 shares in the last quarter. Van ECK Associates Corp lifted its position in Global Payments by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after acquiring an additional 187 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in Global Payments by 1.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after acquiring an additional 200 shares during the period. Finally, Dempze Nancy E boosted its holdings in Global Payments by 1.5% in the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock worth $1,045,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GPN. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Argus dropped their price target on shares of Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Truist Financial lifted their price target on shares of Global Payments from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Friday. Stephens set a $80.00 price objective on shares of Global Payments and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, TD Cowen reissued a “hold” rating and issued a $74.00 price objective (down from $86.00) on shares of Global Payments in a research report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Global Payments has an average rating of “Hold” and an average target price of $83.46.

Global Payments Stock Performance

Shares of GPN opened at $80.97 on Friday. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of -39.69, a PEG ratio of 0.46 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. The business’s 50 day moving average is $72.29 and its two-hundred day moving average is $72.00. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company earned $2.82 earnings per share. The business’s quarterly revenue 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. Analysts forecast that Global Payments Inc. will post 13.82 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio is -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.