Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 20,900 Shares of Global Payments Inc. $GPN

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Global Payments Inc. (NYSE:GPN) by 46.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,260 shares of the business services provider’s stock after acquiring an additional 20,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Global Payments were worth $4,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPN. Norges Bank bought a new position in Global Payments during the 4th quarter valued at about $276,014,000. Balyasny Asset Management L.P. increased its position in Global Payments by 112.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after purchasing an additional 1,206,807 shares during the period. Clearbridge Investments LLC raised its stake in shares of Global Payments by 5,710.5% during the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock worth $72,857,000 after buying an additional 925,099 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Global Payments by 93.8% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock valued at $109,299,000 after acquiring an additional 683,524 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Global Payments by 117.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock valued at $93,443,000 after buying an additional 651,671 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Up 2.1%

GPN stock opened at $79.03 on Tuesday. 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 company has a market capitalization of $21.62 billion, a PE ratio of -38.13, a price-to-earnings-growth ratio of 0.44 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. The company’s 50-day simple moving average is $69.56 and its 200 day simple moving average is $72.17.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the firm earned $2.82 EPS. 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. As a group, sell-side analysts anticipate that Global Payments Inc. will post 13.86 earnings per share 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. 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

Several brokerages recently commented on GPN. TD Cowen reaffirmed a “hold” rating and set a $74.00 price objective (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Truist Financial cut their price objective on Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. BTIG Research reissued a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Weiss Ratings downgraded shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Susquehanna set a $111.00 price target on shares of Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and an average price target of $83.87.

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.