California State Teachers Retirement System Lowers Position in Global Payments Inc. $GPN

California State Teachers Retirement System cut its position in shares of Global Payments Inc. (NYSE:GPN) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,766 shares of the business services provider’s stock after selling 13,092 shares during the quarter. California State Teachers Retirement System’s holdings in Global Payments were worth $26,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in Global Payments by 231.1% in the first quarter. Empowered Funds LLC now owns 30,381 shares of the business services provider’s stock worth $2,045,000 after purchasing an additional 21,204 shares in the last quarter. Estuary Capital Management LP lifted its position in Global Payments by 6.4% during the first quarter. Estuary Capital Management LP now owns 475,383 shares of the business services provider’s stock valued at $31,993,000 after buying an additional 28,695 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Global Payments by 104.7% during the 1st quarter. Quantinno Capital Management LP now owns 217,860 shares of the business services provider’s stock valued at $14,662,000 after buying an additional 111,413 shares in the last quarter. Corsair Capital Management L.P. bought a new stake in shares of Global Payments during the 1st quarter valued at $538,000. Finally, Delta Global Management LP purchased a new stake in shares of Global Payments in the 1st quarter worth about $1,736,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on GPN shares. Cantor Fitzgerald decreased their price target on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. BNP Paribas Exane dropped their price objective on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. Morgan Stanley initiated coverage on shares of Global Payments in a report on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 price objective on the stock. TD Cowen restated a “hold” rating and issued a $74.00 price objective (down from $86.00) on shares of Global Payments in a report on Thursday, June 11th. Finally, Wells Fargo & Company decreased their target price on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Four 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 stock. According to MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and a consensus price target of $83.46.

Global Payments Trading Down 3.0%

Global Payments stock opened at $84.22 on Friday. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64. The company 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. The business’s fifty day simple moving average is $73.83 and its two-hundred day simple moving average is $72.29. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

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

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.