Global Payments Inc. $GPN Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of Global Payments Inc. (NYSE:GPNFree Report) by 98.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,952 shares of the business services provider’s stock after selling 1,397,176 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Global Payments were worth $1,006,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in Global Payments by 14.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,634,962 shares of the business services provider’s stock valued at $110,033,000 after acquiring an additional 203,855 shares in the last quarter. State of Wyoming bought a new position in Global Payments during the 1st quarter valued at $63,000. Lavaca Capital LLC acquired a new position in Global Payments during the 1st quarter worth $58,000. First Trust Advisors LP grew its holdings in Global Payments by 3.6% during the 1st quarter. First Trust Advisors LP now owns 389,717 shares of the business services provider’s stock worth $26,228,000 after acquiring an additional 13,488 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Global Payments by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 44,278 shares of the business services provider’s stock worth $2,980,000 after purchasing an additional 3,501 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Down 3.0%

Shares of NYSE:GPN opened at $84.22 on Friday. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of -41.28, a price-to-earnings-growth ratio of 0.47 and a beta of 0.76. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $90.64. The company’s fifty day moving average is $73.83 and its two-hundred day moving average is $72.29. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79.

Global Payments (NYSE:GPNGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm posted $2.82 EPS. The company’s revenue for the quarter was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts anticipate that Global Payments Inc. will post 13.81 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Truist Financial lifted their price target on Global Payments from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. BNP Paribas Exane lowered their price objective on Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a report on Friday, April 10th. BTIG Research restated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods reduced their target price on Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.46.

Read Our Latest Report on GPN

Global Payments Profile

(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.

Further Reading

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

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