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

Avanza Fonder AB raised its stake in Global Payments Inc. (NYSE:GPN) by 58.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,447 shares of the business services provider’s stock after purchasing an additional 10,463 shares during the quarter. Avanza Fonder AB’s holdings in Global Payments were worth $2,202,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GPN. North Star Investment Management Corp. increased its holdings in shares of Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after buying an additional 218 shares during the period. Root Financial Partners LLC purchased a new stake in Global Payments during the 3rd quarter valued at about $27,000. REAP Financial Group LLC purchased a new stake in Global Payments during the 3rd quarter valued at about $28,000. SouthState Bank Corp bought a new position in Global Payments during the 3rd quarter worth approximately $28,000. Finally, Johnson Financial Group Inc. bought a new position in Global Payments during the 3rd quarter worth approximately $35,000. 89.76% of the stock is owned by institutional investors.

Global Payments Trading Down 0.2%

NYSE GPN opened at $70.93 on Wednesday. The stock has a market cap 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 fifty-two week low of $65.93 and a fifty-two week high of $100.56. The stock has a 50 day simple moving average of $73.57 and a two-hundred day simple moving average of $78.49. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on GPN shares. BNP Paribas Exane boosted their price objective on Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Thursday, February 19th. Raymond James Financial upgraded shares of Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd. Truist Financial set a $85.00 price target on shares of Global Payments in a report on Tuesday, January 20th. Finally, Wells Fargo & Company increased their price target on shares of Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.36.

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.