21,900 Shares in Global Payments Inc. $GPN Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,900 shares of the business services provider’s stock, valued at approximately $1,695,000.

Other institutional investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. increased its stake in Global Payments by 112.3% during 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in Global Payments by 117.3% in the 4th 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 purchasing an additional 651,671 shares during the period. National Bank of Canada FI grew its stake in Global Payments by 126.9% in the 3rd quarter. National Bank of Canada FI now owns 1,019,788 shares of the business services provider’s stock valued at $84,724,000 after purchasing an additional 570,413 shares during the period. Glenview Capital Management LLC boosted its stake in Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after acquiring an additional 523,209 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its stake in Global Payments by 4.6% in the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after acquiring an additional 500,887 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GPN shares. Stephens set a $80.00 target price on Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Raymond James Financial lowered Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. The Goldman Sachs Group started coverage on Global Payments in a research note on Monday, March 9th. They issued a “hold” rating and a $88.00 target price on the stock. Weiss Ratings lowered Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Mizuho reduced their target price on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $84.29.

Global Payments Trading Up 0.3%

Shares of Global Payments stock opened at $73.50 on Thursday. Global Payments Inc. has a 12-month low of $62.45 and a 12-month high of $90.64. The company has a market cap of $20.10 billion, a price-to-earnings ratio of -36.03, a PEG ratio of 0.41 and a beta of 0.75. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $69.02 and its 200-day moving average price is $73.54.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts expect that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. 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.