Louisiana State Employees Retirement System Purchases New Holdings in Global Payments Inc. $GPN

Louisiana State Employees Retirement System acquired a new position in Global Payments Inc. (NYSE:GPN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,100 shares of the business services provider’s stock, valued at approximately $814,000.

Several other large investors have also recently bought and sold shares of the company. Traynor Capital Management Inc. increased its stake in shares of Global Payments by 3.5% in the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after buying an additional 141 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Global Payments by 1.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after acquiring an additional 163 shares during the last quarter. Allworth Financial LP boosted its holdings in Global Payments by 43.2% in the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 184 shares during the last quarter. Van ECK Associates Corp increased its position in Global Payments by 0.6% in the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after purchasing an additional 187 shares during the period. Finally, New Mexico Educational Retirement Board increased its position in Global Payments by 1.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GPN. BMO Capital Markets assumed coverage on shares of Global Payments in a research report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 target price on the stock. Cantor Fitzgerald lowered 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. BTIG Research reissued a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Royal Bank Of Canada cut their price objective on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Finally, BNP Paribas Exane reduced their price objective on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.87.

Global Payments Price Performance

Global Payments stock opened at $78.56 on Monday. The firm has a market capitalization of $21.49 billion, a P/E ratio of -38.51, a PEG ratio of 0.44 and a beta of 0.76. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $90.64. The business has a 50-day moving average of $69.56 and a 200-day moving average of $72.17. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share 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 the consensus estimate of $2.81 billion. During the same period last year, the company posted $2.82 EPS. Global Payments’s revenue for the quarter was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts anticipate that Global Payments Inc. will post 13.86 EPS for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is -49.02%.

About Global Payments

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.