Caisse de depot et placement du Quebec Purchases Shares of 759,776 Global Payments Inc. $GPN

Caisse de depot et placement du Quebec acquired a new position in shares of Global Payments Inc. (NYSE:GPNFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 759,776 shares of the business services provider’s stock, valued at approximately $55,129,000. Caisse de depot et placement du Quebec owned approximately 0.29% of Global Payments at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Strive Financial Group LLC acquired a new position in Global Payments in the 4th quarter valued at about $25,000. DV Equities LLC acquired a new stake in shares of Global Payments during the 4th quarter worth about $26,000. Torren Management LLC acquired a new stake in Global Payments during the fourth quarter worth approximately $34,000. Western Wealth Management LLC purchased a new stake in Global Payments in the 1st quarter worth approximately $34,000. Finally, Johnson Financial Group Inc. purchased a new stake in Global Payments in the 3rd quarter worth approximately $35,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Trading Down 0.4%

NYSE:GPN opened at $92.62 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.88. The business’s 50-day simple moving average is $81.86 and its 200 day simple moving average is $74.52. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of -31.08, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

Global Payments (NYSE:GPNGet Free Report) last issued its 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. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the company earned $3.10 earnings per share. The firm’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, sell-side analysts predict that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid 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 presently -33.56%.

Wall Street Analysts Forecast Growth

GPN has been the topic of several analyst reports. Rothschild & Co Redburn decreased their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Jefferies Financial Group raised Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Argus set a $110.00 price objective on shares of Global Payments and gave the company a “buy” rating in a research note on Thursday, August 6th. Barclays set a $89.00 price objective on shares of Global Payments and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Nine equities research 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’s stock. According to data from MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus target price of $92.36.

Get Our Latest Stock Report on GPN

About Global Payments

(Free Report)

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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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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