Arrowstreet Capital Limited Partnership Purchases 203,855 Shares of Global Payments Inc. $GPN

Arrowstreet Capital Limited Partnership increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,634,962 shares of the business services provider’s stock after acquiring an additional 203,855 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Global Payments were worth $110,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its holdings in Global Payments by 1.8% in the first quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock valued at $781,728,000 after buying an additional 205,880 shares during the period. Glenview Capital Management LLC boosted its holdings in Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after purchasing an additional 523,209 shares during the last quarter. Norges Bank bought a new stake in Global Payments during the fourth quarter worth about $276,014,000. Northern Trust Corp increased its holdings in Global Payments by 1.7% during the fourth quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock worth $207,117,000 after buying an additional 45,857 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Global Payments by 112.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after purchasing an additional 1,206,807 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GPN shares. 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 price objective for the company. BTIG Research reissued a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Zacks Research downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings cut Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.46.

Global Payments Stock Performance

NYSE GPN opened at $80.97 on Friday. 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 Inc. has a 12-month low of $61.16 and a 12-month high of $90.64. The company has a market cap of $22.15 billion, a P/E ratio of -39.69, a PEG ratio of 0.46 and a beta of 0.76. The company has a fifty day simple moving average of $72.29 and a 200 day simple moving average of $72.00.

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 the consensus estimate of $2.82 by $0.14. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts predict that Global Payments Inc. will post 13.82 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio is presently -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.