Global Payments Inc. $GPN Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in Global Payments Inc. (NYSE:GPN - Free Report) by 17.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,394 shares of the business services provider's stock after selling 71,372 shares during the period. California State Teachers Retirement System owned about 0.12% of Global Payments worth $23,828,269 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPN. Western Wealth Management LLC purchased a new stake in shares of Global Payments during the first quarter valued at $34,000. Hantz Financial Services Inc. raised its holdings in Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock worth $37,000 after acquiring an additional 223 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Global Payments by 209.8% during the first quarter. Root Financial Partners LLC now owns 725 shares of the business services provider's stock worth $49,000 after buying an additional 491 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Global Payments by 48.5% during the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the business services provider's stock worth $51,000 after buying an additional 250 shares during the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in Global Payments during the second quarter worth approximately $55,000. Institutional investors own 89.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GPN shares. UBS Group began coverage on shares of Global Payments in a research report on Thursday, August 6th. They issued a "buy" rating for the company. Piper Sandler set a $101.00 target price on shares of Global Payments and gave the stock a "neutral" rating in a report on Thursday. Barclays set a $89.00 target price on Global Payments and gave the company an "equal weight" rating in a report on Thursday, August 6th. The Goldman Sachs Group raised their target price on Global Payments from $82.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their target price on shares of Global Payments from $105.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Global Payments presently has an average rating of "Hold" and a consensus target price of $92.85.

Global Payments Stock Performance

Shares of NYSE:GPN traded down $0.87 during trading on Tuesday, reaching $89.32. 907,077 shares of the stock were exchanged, compared to its average volume of 3,497,658. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm has a market cap of $23.64 billion, a PE ratio of -29.96, a PEG ratio of 0.48 and a beta of 0.78. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88. The stock has a 50-day moving average price of $86.50 and a 200-day moving average price of $75.87.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations 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 revenue was up 68.6% on a year-over-year basis. During the same period last year, the company earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Research analysts expect that Global Payments Inc. will post 13.63 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments's dividend payout ratio is currently -33.56%.

Global Payments Profile

Global Payments Inc NYSE: GPN is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.

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