Pzena Investment Management LLC Purchases 205,880 Shares of Global Payments Inc. $GPN

Pzena Investment Management LLC grew its position in shares of Global Payments Inc. (NYSE:GPN) by 1.8% in the 1st quarter, HoldingsChannel reports. The firm owned 11,615,577 shares of the business services provider’s stock after acquiring an additional 205,880 shares during the quarter. Global Payments makes up about 2.6% of Pzena Investment Management LLC’s holdings, making the stock its 18th biggest holding. Pzena Investment Management LLC’s holdings in Global Payments were worth $781,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GPN. Norges Bank bought a new position in shares of Global Payments during the 4th quarter valued at about $276,014,000. Balyasny Asset Management L.P. boosted its stake in Global Payments by 112.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after buying an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC grew its position in Global Payments by 5,710.5% during the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after acquiring an additional 925,099 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Global Payments by 93.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock valued at $109,299,000 after acquiring an additional 683,524 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Global Payments by 117.3% during the fourth 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. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GPN has been the topic of several recent research reports. Susquehanna set a $111.00 target price on shares of Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Morgan Stanley began coverage on shares of Global Payments in a research report on Monday, June 22nd. They set an “equal weight” rating and a $65.00 price target for the company. TD Cowen reaffirmed a “hold” rating and set a $74.00 price objective (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. BNP Paribas Exane lowered their target price on Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, April 10th. Finally, Zacks Research cut Global Payments from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Global Payments currently has an average rating of “Hold” and an average price target of $83.87.

Global Payments Stock Performance

Shares of NYSE:GPN opened at $75.00 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $69.29 and a 200-day moving average price of $72.22. The company has a market cap of $20.52 billion, a price-to-earnings ratio of -36.76, a price-to-earnings-growth ratio of 0.41 and a beta of 0.76. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.81 billion. During the same period last year, the firm earned $2.82 earnings per share. 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. As a group, equities analysts anticipate that Global Payments Inc. will post 13.86 EPS for the current year.

Global Payments Announces Dividend

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