PFA Pension Forsikringsaktieselskab Makes New Investment in Global Payments Inc. $GPN

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 288,069 shares of the business services provider's stock, valued at approximately $22,847,000. PFA Pension Forsikringsaktieselskab owned approximately 0.12% of Global Payments at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GPN. Balyasny Asset Management L.P. grew its holdings 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 worth $189,545,000 after acquiring an additional 1,206,807 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Global Payments by 117.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider's stock worth $93,443,000 after acquiring an additional 651,671 shares in the last quarter. National Bank of Canada FI grew its holdings in Global Payments by 126.9% during the 3rd quarter. National Bank of Canada FI now owns 1,019,788 shares of the business services provider's stock worth $84,724,000 after acquiring an additional 570,413 shares in the last quarter. Glenview Capital Management LLC grew its holdings in Global Payments by 13.8% during the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider's stock worth $345,524,000 after acquiring an additional 523,209 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Global Payments by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider's stock worth $610,633,000 after acquiring an additional 499,695 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GPN shares. BMO Capital Markets started coverage on shares of Global Payments in a report on Tuesday, April 21st. They issued a "market perform" rating and a $76.00 price target for the company. BNP Paribas Exane decreased their price target on shares of Global Payments from $64.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. Keefe, Bruyette & Woods decreased their price target on shares of Global Payments from $90.00 to $76.00 and set a "market perform" rating for the company in a report on Tuesday, April 7th. Finally, Stephens decreased their price target on shares of Global Payments from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $86.20.

Global Payments Trading Up 0.1%

Shares of NYSE:GPN opened at $72.42 on Monday. The company has a market cap of $19.93 billion, a PE ratio of 12.51, a P/E/G ratio of 0.43 and a beta of 0.75. The company's 50-day moving average price is $70.97 and its 200 day moving average price is $75.09. Global Payments Inc. has a fifty-two week low of $62.45 and a fifty-two week high of $90.64. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83.

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 for the quarter, beating the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. Global Payments's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts anticipate that Global Payments Inc. will post 13.73 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 9th were given a $0.25 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.4%. 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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