Category: Markets
Published: 2026-06-20T08:04:59.000Z
Flax Pond Capital LLC has initiated a new position in Global Payments Inc. (NYSE:GPN), acquiring 61,110 shares valued at approximately $4.73 million, making it their sixth-largest holding. Other institutional investors have also shown interest, with hedge funds and institutions now owning 89.76% of GPN shares. Global Payments reported strong quarterly earnings of $2.96 per share and $2.86 billion in revenue, beating analyst estimates, and declared a quarterly dividend of $0.25 per share.
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