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

California Public Employees Retirement System lessened its stake in shares of Global Payments Inc. (NYSE:GPN) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 452,599 shares of the business services provider’s stock after selling 7,774 shares during the quarter. California Public Employees Retirement System’s holdings in Global Payments were worth $30,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westpac Banking Corp boosted its position in shares of Global Payments by 5,795.1% during the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares in the last quarter. LSV Asset Management increased its position in Global Payments by 30.8% in the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after buying an additional 105,500 shares in the last quarter. Pzena Investment Management LLC raised its stake in Global Payments by 4.6% during the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after buying an additional 500,887 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Global Payments by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock worth $110,768,000 after buying an additional 227,317 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Global Payments during the 4th quarter worth approximately $22,847,000. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

GPN stock opened at $80.03 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The business has a 50-day simple moving average of $71.56 and a two-hundred day simple moving average of $71.91. The company has a market capitalization of $21.89 billion, a P/E ratio of -39.23, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64.

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

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. Global Payments’s dividend payout ratio is presently -49.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup reduced their price objective 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. Susquehanna set a $111.00 target price on Global Payments and gave the stock a “positive” rating in a research report on Wednesday, June 3rd. Stephens set a $80.00 target price on Global Payments and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Cantor Fitzgerald reduced their price target on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Truist Financial decreased their price target on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.