Quantinno Capital Management LP Has $14.66 Million Stock Position in Global Payments Inc. $GPN

Quantinno Capital Management LP lifted its holdings in Global Payments Inc. (NYSE:GPN) by 104.7% during the 1st quarter, HoldingsChannel reports. The fund owned 217,860 shares of the business services provider’s stock after acquiring an additional 111,413 shares during the quarter. Quantinno Capital Management LP’s holdings in Global Payments were worth $14,662,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Gtcr LLC acquired a new stake in Global Payments in the 1st quarter worth about $2,911,939,000. Norges Bank bought a new position in shares of Global Payments during the fourth quarter worth approximately $276,014,000. Balyasny Asset Management L.P. boosted its stake in shares of 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 valued at $189,545,000 after buying an additional 1,206,807 shares during the period. Clearbridge Investments LLC grew its position in 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Global Payments by 93.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after buying an additional 683,524 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN stock opened at $84.22 on Monday. The business has a fifty day simple moving average of $73.83 and a 200 day simple moving average of $72.24. The company has a market cap of $23.04 billion, a P/E ratio of -41.28, a P/E/G ratio of 0.47 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts forecast that Global Payments Inc. will post 13.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Zacks Research downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods cut their price objective on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings downgraded shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Finally, Wells Fargo & Company dropped their target price on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $83.46.

Global Payments Company 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.