M&T Bank Corp Boosts Stake in Global Payments Inc. $GPN

Key Points

• M&T Bank Corp boosted its stake in Global Payments by 725.5% in Q4, acquiring 42,451 shares to hold 48,302 shares worth $3.74 million, and overall institutional ownership of GPN stands at about 89.76% with several large funds also increasing positions.
• Analysts are mixed: the consensus rating is a "Hold" with a $86.20 target, while several brokers cut price targets (e.g., Truist to $81, RBC to $82) even as some, like Zacks, upgraded to a strong-buy.
• Shares trade around $67.75 (12‑month range $62.45–$90.64); Global Payments beat Q4 EPS estimates ($3.18 vs. $3.16), issued FY2026 guidance of $13.80–$14.00 EPS, and pays a $1.00 annualized dividend (≈1.5% yield).

M&T Bank Corp raised its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 725.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,302 shares of the business services provider's stock after acquiring an additional 42,451 shares during the period. M&T Bank Corp's holdings in Global Payments were worth $3,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. boosted its position 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 worth $189,545,000 after buying an additional 1,206,807 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Global Payments by 117.3% in the fourth 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 last quarter. National Bank of Canada FI boosted its holdings in Global Payments by 126.9% in the third 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 last quarter. Glenview Capital Management LLC boosted its holdings 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 purchasing an additional 523,209 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Global Payments by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider's stock valued at $610,633,000 after purchasing an additional 499,695 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GPN. Truist Financial reduced their price target on Global Payments from $85.00 to $81.00 and set a "hold" rating for the company in a report on Friday. Citigroup cut their price objective on Global Payments from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Zacks Research upgraded Global Payments from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Weiss Ratings restated a "hold (c-)" rating on shares of Global Payments in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada cut their price objective on Global Payments from $97.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $86.20.

Global Payments Stock Performance

Shares of GPN stock opened at $67.75 on Monday. Global Payments Inc. has a 12-month low of $62.45 and a 12-month high of $90.64. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 0.40 and a beta of 0.76. The business has a 50 day simple moving average of $71.38 and a 200 day simple moving average of $75.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company posted $2.85 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities research analysts anticipate that Global Payments Inc. will post 13.75 EPS for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Global Payments's dividend payout ratio (DPR) is currently 17.27%.

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.

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