BlackRock Discloses 7.7% Stake in Global Payments Inc.
Ticker: GPN · Form: SC 13G · Filed: 2024-01-26T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, large-holder, equity-stake
TL;DR
**BlackRock owns 7.7% of Global Payments, a big vote of confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported its ownership of 20,410,240 shares of Global Payments Inc. common stock as of December 31, 2023. This represents a 7.7% stake in the company, making BlackRock a significant institutional shareholder. This matters to investors because large institutional holdings like BlackRock's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock.
Why It Matters
This filing shows that a major institutional investor, BlackRock, holds a substantial portion of Global Payments Inc., indicating their belief in the company's value and potentially influencing market perception.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional holding, which generally reduces volatility and signals stability rather than risk.
Analyst Insight
A smart investor would view BlackRock's substantial 7.7% stake as a positive signal, suggesting institutional confidence in Global Payments Inc.'s long-term prospects, and might consider further research into the company's fundamentals.
Key Numbers
- 20,410,240 — Shares Owned (Total shares of Global Payments Inc. beneficially owned by BlackRock Inc.)
- 7.7% — Ownership Percentage (Percentage of Global Payments Inc. common stock owned by BlackRock Inc.)
- December 31, 2023 — Reporting Date (The date as of which BlackRock's ownership stake is reported.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person and institutional investor
- Global Payments Inc. (company) — subject company, issuer of the securities
- 20,410,240 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 7.7% (dollar_amount) — percentage of class owned by BlackRock Inc.
- December 31, 2023 (person) — date of event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Global Payments Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., as stated in the filing under 'Names of reporting persons. BlackRock, Inc.'
What is the name of the issuer whose securities are being reported?
The issuer is GLOBAL PAYMENTS INC, as identified in the filing under 'Name of Issuer'.
How many shares of Common Stock of Global Payments Inc. does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 20,410,240 shares of Common Stock, as indicated in the filing's summary of beneficial ownership.
What percentage of the class of securities does BlackRock Inc. own?
BlackRock Inc. owns 7.7% of the class of securities, as stated in the filing's summary of beneficial ownership.
What was the date of the event which required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing under 'Date of Event Which Requires Filing of this Statement'.
From the Filing
EDGAR Filing Documents for 0001086364-24-004837 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-004837 Filing Date 2024-01-26 Accepted 2024-01-26 17:25:22 Documents 1 Document Format Files Seq Description Document Type Size 1 us37940x1028_012624.txt SC 13G 11954 Complete submission text file 0001086364-24-004837.txt 13721 Mailing Address 3550 LENOX ROAD ATLANTA GA 30326 Business Address 3550 LENOX ROAD ATLANTA GA 30326 7708298030 GLOBAL PAYMENTS INC (Subject) CIK : 0001123360 (see all company filings) EIN. : 582567903 | State of Incorp.: GA | Fiscal Year End: 1231 Type: SC 13G | Act: 34 | File No.: 005-61363 | Film No.: 24569155 SIC : 7389 Services-Business Services, NEC (CF Office: 07 Trade & Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)