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

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Global Payments Inc. (NYSE:GPN) by 93.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,412,128 shares of the business services provider’s stock after purchasing an additional 683,524 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.60% of Global Payments worth $109,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Global Payments in the 4th quarter valued at about $725,000. Caxton Associates LLP purchased a new stake in Global Payments in the 1st quarter valued at about $243,000. Intech Investment Management LLC grew its holdings in Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 4,386 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Global Payments by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after purchasing an additional 2,840 shares during the period. Finally, AXA S.A. grew its holdings in shares of Global Payments by 236.6% during the 2nd quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock worth $2,291,000 after purchasing an additional 20,119 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

GPN has been the subject of a number of research reports. Stephens set a $80.00 target price on Global Payments and gave the stock an “equal weight” rating in a report on Thursday, May 7th. TD Cowen reiterated a “hold” rating and set a $74.00 target price (down from $86.00) on shares of Global Payments in a report on Thursday. 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 report on Monday, May 11th. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Rothschild & Co Redburn decreased their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $84.73.

Global Payments Stock Performance

Shares of GPN opened at $67.72 on Friday. The business’s 50 day moving average is $68.99 and its two-hundred day moving average is $73.08. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of -33.19, a PEG ratio of 0.38 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the company posted $2.82 EPS. Global Payments’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts forecast that Global Payments Inc. will post 13.88 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s dividend payout ratio is presently -49.02%.

About Global Payments

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.