Swedbank AB Lowers Holdings in Global Payments Inc. $GPN

Swedbank AB decreased its holdings in Global Payments Inc. (NYSE:GPN) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,248 shares of the business services provider’s stock after selling 9,929 shares during the quarter. Swedbank AB’s holdings in Global Payments were worth $3,193,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GPN. Root Financial Partners LLC bought a new stake in shares of Global Payments during the 3rd quarter valued at about $27,000. SouthState Bank Corp bought a new position in shares of Global Payments during the 3rd quarter valued at approximately $28,000. REAP Financial Group LLC bought a new position in shares of Global Payments during the 3rd quarter valued at approximately $28,000. True Wealth Design LLC grew its stake in shares of Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 279 shares during the period. Finally, Torren Management LLC bought a new position in shares of Global Payments during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of recent research reports. Stephens set a $80.00 price objective on Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Mizuho cut their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Weiss Ratings downgraded Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. UBS Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Global Payments in a research note on Thursday, May 7th. Finally, Cantor Fitzgerald cut their price objective on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $84.29.

Global Payments Trading Up 0.3%

GPN stock opened at $73.50 on Thursday. Global Payments Inc. has a 1-year low of $62.45 and a 1-year high of $90.64. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $20.10 billion, a price-to-earnings ratio of -36.03, a PEG ratio of 0.41 and a beta of 0.75. The business has a 50 day simple moving average of $69.02 and a two-hundred day simple moving average of $73.54.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the company posted $2.82 EPS. The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts anticipate that Global Payments Inc. will post 13.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s dividend payout ratio is -49.02%.

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.