North Dakota State Investment Board trimmed its stake in Global Payments Inc. (NYSE:GPN – Free Report) by 57.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,046 shares of the business services provider’s stock after selling 9,618 shares during the quarter. North Dakota State Investment Board’s holdings in Global Payments were worth $575,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Busey Bank purchased a new stake in Global Payments in the 3rd quarter valued at $205,000. Peterson Wealth Services grew its stake in Global Payments by 33.3% in the 3rd quarter. Peterson Wealth Services now owns 3,370 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 841 shares during the period. Viewpoint Investment Partners Corp bought a new stake in shares of Global Payments during the 3rd quarter worth $204,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Global Payments in the 3rd quarter worth about $266,000. Finally, Signaturefd LLC grew its position in Global Payments by 41.0% during the third quarter. Signaturefd LLC now owns 4,329 shares of the business services provider’s stock valued at $354,000 after buying an additional 1,259 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.
Analyst Ratings Changes
GPN has been the topic of several research analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $83.00 price objective on shares of Global Payments in a research note on Thursday, August 6th. Truist Financial dropped their price target on Global Payments from $95.00 to $86.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Robert W. Baird set a $120.00 price target on Global Payments in a research note on Thursday, August 6th. Bank of America initiated coverage on shares of Global Payments in a report on Thursday, October 15th. They set a “buy” rating and a $114.00 price objective on the stock. Finally, Jefferies Financial Group upgraded Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $95.87.
Read Our Latest Report on Global Payments
Global Payments Stock Performance
NYSE GPN opened at $97.02 on Monday. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $101.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $25.67 billion, a PE ratio of -32.56, a P/E/G ratio of 0.47 and a beta of 0.80. The company’s 50 day simple moving average is $86.34 and its two-hundred day simple moving average is $76.99.
Global Payments (NYSE:GPN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. During the same quarter last year, the business posted $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. Analysts predict that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.
Global Payments Profile
Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.
The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.
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