Benedict Financial Advisors Inc. Buys 12,290 Shares of Global Payments Inc. $GPN

Benedict Financial Advisors Inc. grew its stake in Global Payments Inc. (NYSE:GPN) by 93.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,469 shares of the business services provider’s stock after acquiring an additional 12,290 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Global Payments were worth $1,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GPN. Balyasny Asset Management L.P. increased its stake in shares of Global Payments by 112.3% in 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 during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Global Payments by 117.3% in 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 during the last quarter. National Bank of Canada FI increased its stake in shares of Global Payments by 126.9% in 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 during the last quarter. Glenview Capital Management LLC increased its stake in shares of Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after acquiring an additional 523,209 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Global Payments by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock valued at $610,633,000 after acquiring an additional 499,695 shares during the last quarter. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

GPN has been the subject of a number of recent analyst reports. Citigroup lowered their price target on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Raymond James Financial cut Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Global Payments in a research note on Wednesday, January 14th. They set a “hold” rating and a $80.00 target price for the company. Cantor Fitzgerald increased their target price on Global Payments from $80.00 to $88.00 in a research note on Friday, March 27th. Finally, Keefe, Bruyette & Woods lowered their target price on Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus price target of $87.60.

Global Payments Price Performance

Shares of GPN opened at $72.41 on Friday. The stock has a market capitalization of $19.93 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.39 and a beta of 0.76. Global Payments Inc. has a twelve month low of $62.45 and a twelve month high of $90.64. The company has a 50 day moving average of $71.44 and a 200-day moving average of $76.19. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.02. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $2.85 EPS. 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 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is currently 17.27%.

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.