Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Position in Global Payments Inc. $GPN

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Global Payments Inc. (NYSE:GPN) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,860 shares of the business services provider’s stock after acquiring an additional 600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Global Payments were worth $3,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GPN. LRI Investments LLC boosted its holdings in shares of Global Payments by 53.4% in the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 133 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Global Payments by 546.6% in the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 317 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Global Payments in the first quarter valued at about $37,000. Quarry LP purchased a new stake in shares of Global Payments in the first quarter valued at about $42,000. Finally, WPG Advisers LLC purchased a new stake in shares of Global Payments in the first quarter valued at about $49,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.7%

GPN stock opened at $78.66 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a market cap of $19.08 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.76 and a beta of 0.98. The company’s 50-day moving average price is $86.25 and its 200 day moving average price is $81.78. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $120.00.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, August 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.04. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 earnings per share. On average, research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GPN has been the topic of several analyst reports. TD Cowen downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Payments in a report on Wednesday, October 8th. Citigroup raised shares of Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. Truist Financial boosted their price objective on shares of Global Payments from $79.00 to $83.00 and gave the stock a “hold” rating in a report on Thursday, July 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of Global Payments from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.37.

Insider Transactions at Global Payments

In other Global Payments news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of Global Payments stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $86.00, for a total transaction of $172,000.00. Following the completion of the transaction, the general counsel owned 30,713 shares in the company, valued at approximately $2,641,318. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.01% of the company’s stock.

Global Payments Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.