Thematics Asset Management, an institutional investor, has increased its stake in Global Payments Inc. (NYSE:GPN) by 4.9% during the fourth quarter, according to its Form 13F filing with the Securities & Exchange Commission. The investor now owns 186,710 shares of Global Payments, worth $23,712,000. This comes after Global Payments Inc. reported $2.42 billion in revenue and $2.59 in adjusted EPS for Q1 2024, representing a 6% annual growth. The company had a return on equity of 11.72% and a net margin of 13.40%. It reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.41. Global Payments is expected to post 11.08 earnings per share for the current fiscal year. The company recently declared a quarterly dividend of $0.25 per share, payable on June 28th to shareholders of record on June 14th. Insider Andrea M. Carter sold 3,300 shares of Global Payments stock at an average price of $111.34, for a total value of $367,422.00. The stock is currently rated as a 'Moderate Buy' with a consensus target price of $149.11.
In addition to increasing its stake in Global Payments, Thematics Asset Management has also made a new investment in Shift4 Payments, Inc. (NYSE:FOUR) worth $17.84 million. The investment firm bought 240,000 shares of Shift4 Payments stock, representing 0.29% ownership. Other hedge funds, including Kodai Capital Management LP and Alberta Investment Management Corp, have also made changes to their positions in Shift4 Payments. Several equities research analysts have issued reports on Shift4 Payments stock, with an average rating of 'Moderate Buy' and an average target price of $83.33. CEO Jared Isaacman recently purchased 85,916 shares of Shift4 Payments stock, while CFO Nancy Disman sold 10,000 shares. The company's stock is currently trading at $72.53 with a market capitalization of $6.35 billion. Shift4 Payments reported $0.40 earnings per share for the last quarter, missing the consensus estimate of $0.41. The company is expected to post 3.01 EPS for the current year. Shift4 Payments provides integrated payment processing and technology solutions in the United States. [42de1d16] [8d8ec786] [676b2b74]