Avanza Fonder AB Grows Position in Global Payments Inc. $GPN

Avanza Fonder AB raised its holdings in Global Payments Inc. (NYSE:GPN) by 58.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,447 shares of the business services provider’s stock after purchasing an additional 10,463 shares during the period. Avanza Fonder AB’s holdings in Global Payments were worth $2,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GPN. Vanguard Group Inc. lifted its stake 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 buying an additional 149,441 shares in the last quarter. Ameriprise Financial Inc. grew its stake in 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 buying an additional 499,695 shares in the last quarter. Glenview Capital Management LLC grew its stake in 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 buying an additional 523,209 shares in the last quarter. Norges Bank bought a new stake in Global Payments during the 2nd quarter valued at $273,844,000. Finally, Northern Trust Corp lifted its position in shares of Global Payments by 0.7% during the third quarter. Northern Trust Corp now owns 2,630,068 shares of the business services provider’s stock worth $218,506,000 after acquiring an additional 18,284 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GPN shares. Rothschild & Co Redburn raised their price target on Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a report on Wednesday, December 3rd. Truist Financial set a $85.00 price objective on Global Payments in a report on Tuesday, January 20th. Stephens cut their target price on Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, January 16th. TD Cowen reaffirmed a “hold” rating on shares of Global Payments in a report on Thursday, February 19th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $91.36.

Global Payments Stock Down 0.2%

GPN opened at $70.93 on Wednesday. The firm has a market capitalization of $19.52 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 0.39 and a beta of 0.73. Global Payments Inc. has a one year low of $65.93 and a one year high of $100.56. The company has a fifty day moving average price of $73.57 and a 200-day moving average price of $78.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69.

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, topping analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. Global Payments’s payout ratio is presently 17.27%.

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.