Fairtree Asset Management Pty Ltd Acquires 9,011 Shares of Global Payments Inc. $GPN

Fairtree Asset Management Pty Ltd raised its stake in shares of Global Payments Inc. (NYSE:GPN) by 133.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,778 shares of the business services provider’s stock after purchasing an additional 9,011 shares during the quarter. Fairtree Asset Management Pty Ltd’s holdings in Global Payments were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GPN. Brighton Jones LLC bought a new stake in Global Payments in the fourth quarter valued at $725,000. Caxton Associates LLP bought a new position in shares of Global Payments during the first quarter valued at $243,000. Intech Investment Management LLC boosted its stake in shares of 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 purchasing an additional 4,386 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Global Payments by 82.0% in the 2nd quarter. Assetmark Inc. now owns 8,738 shares of the business services provider’s stock worth $699,000 after purchasing an additional 3,938 shares during the last quarter. Finally, Versor Investments LP increased its position in shares of Global Payments by 382.8% during the 2nd quarter. Versor Investments LP now owns 11,591 shares of the business services provider’s stock worth $928,000 after purchasing an additional 9,190 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GPN shares. Jefferies Financial Group reduced their price target on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $88.00 target price (up from $80.00) on shares of Global Payments in a report on Monday, February 23rd. UBS Group restated a “neutral” rating and set a $87.00 price target (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $97.00 price objective (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. Finally, TD Cowen reissued a “hold” rating on shares of Global Payments in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.52.

Global Payments Stock Down 2.0%

NYSE:GPN opened at $76.30 on Monday. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 0.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. The stock’s fifty day moving average price is $75.66 and its two-hundred day moving average price is $80.26. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $106.07.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is 17.27%.

Insider Activity

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of Global Payments stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total transaction of $927,884.00. Following the completion of the sale, the insider owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were acquired at an average price of $81.42 per share, with a total value of $846,116.64. Following the transaction, the director directly owned 59,303 shares in the company, valued at approximately $4,828,450.26. The trade was a 21.25% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.01% of the company’s stock.

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.