California Public Employees Retirement System Sells 7,774 Shares of Global Payments Inc. $GPN

California Public Employees Retirement System reduced its stake in Global Payments Inc. (NYSE:GPN) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 452,599 shares of the business services provider’s stock after selling 7,774 shares during the period. California Public Employees Retirement System owned about 0.16% of Global Payments worth $30,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strive Financial Group LLC acquired a new stake in Global Payments in the fourth quarter valued at approximately $25,000. DV Equities LLC acquired a new position in shares of Global Payments during the fourth quarter worth $26,000. True Wealth Design LLC lifted its stake in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 279 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Global Payments during the 4th quarter valued at $34,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the 3rd quarter valued at $35,000. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of NYSE GPN opened at $80.03 on Wednesday. The company has a market capitalization of $21.89 billion, a PE ratio of -39.23, a P/E/G 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. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64. The firm has a fifty day simple moving average of $71.56 and a 200 day simple moving average of $71.91.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts forecast that Global Payments Inc. will post 13.82 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.2%. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Rothschild & Co Redburn decreased their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods cut their price target on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings downgraded Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company cut their target price on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $83.33.

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.