759,776 Shares in Global Payments Inc. $GPN Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec bought a new position in Global Payments Inc. (NYSE:GPN) during the second quarter, Holdings Channel reports. The fund bought 759,776 shares of the business services provider’s stock, valued at approximately $55,129,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jupiter Topco LLC acquired a new stake in Global Payments during the 2nd quarter worth about $53,712,000. Hsbc Holdings PLC acquired a new position in shares of Global Payments in the second quarter worth about $65,864,000. Canada Pension Plan Investment Board acquired a new position in shares of Global Payments in the second quarter worth about $9,854,000. Lakewood Capital Management LP purchased a new position in shares of Global Payments in the second quarter worth approximately $17,726,000. Finally, Legal & General Group Plc purchased a new position in shares of Global Payments in the second quarter worth approximately $120,036,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPN has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Morgan Stanley reissued an “overweight” rating and set a $103.00 target price on shares of Global Payments in a research note on Thursday, August 6th. Cantor Fitzgerald decreased their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Jefferies Financial Group upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Nine investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Global Payments has an average rating of “Hold” and a consensus target price of $92.36.

Global Payments Stock Down 0.4%

Global Payments stock opened at $92.62 on Friday. The company has a market capitalization of $24.51 billion, a P/E ratio of -31.08, a P/E/G ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $95.88. The firm’s fifty day simple moving average is $81.86 and its 200-day simple moving average is $74.52. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.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 firm earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Sell-side analysts forecast that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments’s dividend payout ratio is -33.56%.

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.