Dimensional Fund Advisors LP Boosts Stake in Global Payments Inc. $GPN

Dimensional Fund Advisors LP lifted its position in Global Payments Inc. (NYSE:GPN) by 1.1% in the first quarter, Holdings Channel reports. The firm owned 2,117,172 shares of the business services provider’s stock after acquiring an additional 23,293 shares during the period. Dimensional Fund Advisors LP’s holdings in Global Payments were worth $142,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S increased its position in Global Payments by 1.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after buying an additional 163 shares during the period. Allworth Financial LP grew its position in shares of Global Payments by 43.2% during the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after acquiring an additional 184 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after acquiring an additional 187 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of Global Payments by 1.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 200 shares during the period. Finally, Dempze Nancy E increased its holdings in shares of Global Payments by 1.5% in the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

GPN has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on shares of Global Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price target for the company. Rothschild & Co Redburn dropped their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Weiss Ratings cut 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 target price on shares of Global Payments and gave the stock a “positive” rating in a research note on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Global Payments has an average rating of “Hold” and an average target price of $83.46.

Global Payments Price Performance

Global Payments stock opened at $80.97 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day simple moving average of $72.29 and a 200-day simple moving average of $71.97. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64. The stock has a market capitalization of $22.15 billion, a PE ratio of -39.69, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76.

Global Payments (NYSE:GPN) last announced its quarterly earnings data 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. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts predict that Global Payments Inc. will post 13.82 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.2%. Global Payments’s payout ratio is currently -49.02%.

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.