Global Payments Inc. $GPN Holdings Lowered by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in Global Payments Inc. (NYSE:GPN) by 21.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,204 shares of the business services provider’s stock after selling 7,878 shares during the period. Intech Investment Management LLC’s holdings in Global Payments were worth $2,343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPN. Norges Bank bought a new position in Global Payments during the 2nd quarter valued at $273,844,000. Balyasny Asset Management L.P. lifted its holdings in shares of Global Payments by 480.7% in the second quarter. Balyasny Asset Management L.P. now owns 1,074,669 shares of the business services provider’s stock valued at $86,017,000 after buying an additional 889,590 shares during the period. Hsbc Holdings PLC boosted its stake in Global Payments by 99.5% during the second quarter. Hsbc Holdings PLC now owns 1,124,558 shares of the business services provider’s stock valued at $89,820,000 after buying an additional 560,936 shares in the last quarter. Natixis grew its holdings in Global Payments by 205.6% during the second quarter. Natixis now owns 778,204 shares of the business services provider’s stock worth $62,287,000 after acquiring an additional 523,555 shares during the period. Finally, Glenview Capital Management LLC raised its position in Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after acquiring an additional 523,209 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.2%

Shares of NYSE GPN opened at $77.71 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments Inc. has a one year low of $65.93 and a one year high of $101.66. The business has a 50-day moving average price of $75.55 and a two-hundred day moving average price of $80.13. The firm has a market capitalization of $21.75 billion, a PE ratio of 13.42, a PEG ratio of 0.43 and a beta of 0.73.

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

Global Payments Announces Dividend

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

Analyst Upgrades and Downgrades

GPN has been the subject of several research reports. Keefe, Bruyette & Woods raised their price objective on shares of Global Payments from $87.00 to $90.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th. Raymond James Financial upgraded shares of Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft started coverage on Global Payments in a report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price target on the stock. Jefferies Financial Group reduced their price objective on Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Finally, Zacks Research raised Global Payments to a “hold” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus price target of $91.52.

Insiders Place Their Bets

In other news, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of Global Payments stock in a transaction dated Thursday, December 11th. The stock was acquired at an average cost of $81.42 per share, for a total transaction of $846,116.64. Following the acquisition, the director directly owned 59,303 shares in the company, valued at $4,828,450.26. This represents a 21.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David M. Sheffield sold 2,016 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the completion of the sale, the executive vice president directly owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. The trade was a 12.25% decrease in their position. The SEC filing for this sale provides additional information. 1.01% of the stock is currently owned by company insiders.

Global Payments 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.