Global Payments Inc. $GPN Stock: North Dakota State Investment Board Reduces Position

North Dakota State Investment Board lessened its holdings in shares of Global Payments Inc. (NYSE:GPN) by 57.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,046 shares of the business services provider’s stock after selling 9,618 shares during the quarter. North Dakota State Investment Board’s holdings in Global Payments were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPN. Western Wealth Management LLC acquired a new stake in shares of Global Payments in the first quarter worth $34,000. Nvwm LLC purchased a new position in Global Payments in the third quarter valued at about $41,000. Mather Group LLC. lifted its stake in shares of Global Payments by 25.2% during the third quarter. Mather Group LLC. now owns 622 shares of the business services provider’s stock worth $51,000 after purchasing an additional 125 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of Global Payments by 365.7% during the 3rd quarter. Fortitude Family Office LLC now owns 624 shares of the business services provider’s stock valued at $51,000 after buying an additional 490 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Global Payments in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GPN. Bank of America assumed coverage on Global Payments in a research note on Thursday, October 15th. They set a “buy” rating and a $114.00 target price for the company. Morgan Stanley restated an “overweight” rating and issued a $103.00 target price on shares of Global Payments in a research note on Thursday, August 6th. Robert W. Baird set a $120.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Oppenheimer upgraded Global Payments from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Thursday, October 8th. Finally, Jefferies Financial Group raised Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.87.

Global Payments Trading Up 0.2%

GPN stock opened at $97.02 on Monday. The business has a fifty day moving average price of $86.34 and a 200 day moving average price of $76.99. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $101.32. The stock has a market capitalization of $25.67 billion, a price-to-earnings ratio of -32.56, a P/E/G ratio of 0.47 and a beta of 0.80.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts expect that Global Payments Inc. will post 13.64 EPS for the current fiscal year.

Global Payments Profile

Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.