Global Payments Inc. $GPN Shares Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC raised its stake in Global Payments Inc. (NYSE:GPN) by 31.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 82,680 shares of the business services provider’s stock after acquiring an additional 20,000 shares during the period. Manning & Napier Advisors LLC’s holdings in Global Payments were worth $5,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GPN. Norges Bank purchased a new stake in shares of Global Payments during the 4th quarter worth approximately $276,014,000. Balyasny Asset Management L.P. grew its position in shares of Global Payments by 112.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after buying an additional 1,206,807 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Global Payments by 5,710.5% in the 4th quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after buying an additional 925,099 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Global Payments by 93.8% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after acquiring an additional 683,524 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Global Payments by 117.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock worth $93,443,000 after acquiring an additional 651,671 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of GPN stock traded up $1.56 during mid-day trading on Friday, hitting $75.94. The stock had a trading volume of 2,285,325 shares, compared to its average volume of 3,499,438. The firm has a market cap of $20.77 billion, a PE ratio of -37.22, a PEG ratio of 0.43 and a beta of 0.76. The company’s 50-day simple moving average is $70.27 and its 200-day simple moving average is $72.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64.

Global Payments (NYSE:GPN) last issued 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. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business’s revenue was up 63.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts anticipate that Global Payments Inc. will post 13.84 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s payout ratio is presently -49.02%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Global Payments in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 price objective for the company. Zacks Research cut Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings downgraded Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. BNP Paribas Exane decreased their target price on Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. Finally, Cantor Fitzgerald dropped their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.33.

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.