Global Payments Inc. $GPN Stock Holdings Trimmed by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd cut its position in shares of Global Payments Inc. (NYSE:GPN) by 66.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,502 shares of the business services provider’s stock after selling 43,793 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Global Payments were worth $1,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GPN. Brighton Jones LLC bought a new stake in shares of Global Payments in the 4th quarter worth approximately $725,000. Caxton Associates LLP acquired a new stake in Global Payments in the first quarter worth $243,000. Intech Investment Management LLC lifted its stake in Global Payments by 43.5% in the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 4,386 shares during the last quarter. Creative Planning boosted its holdings in shares of Global Payments by 15.2% during the second quarter. Creative Planning now owns 28,907 shares of the business services provider’s stock valued at $2,314,000 after acquiring an additional 3,820 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Global Payments by 17.5% during the second quarter. Rockefeller Capital Management L.P. now owns 13,426 shares of the business services provider’s stock worth $1,075,000 after acquiring an additional 2,002 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial set a $85.00 target price on shares of Global Payments in a research note on Tuesday, January 20th. Keefe, Bruyette & Woods lifted their price target on Global Payments from $87.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, February 19th. Raymond James Financial raised Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. Royal Bank Of Canada restated a “sector perform” rating and issued a $97.00 target price (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. Finally, Stephens cut their target price on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $91.36.

Global Payments Trading Up 3.8%

Shares of NYSE:GPN opened at $71.11 on Tuesday. The company has a 50 day moving average of $73.70 and a 200-day moving average of $78.60. The firm has a market cap of $19.57 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.38 and a beta of 0.73. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $100.56. 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 (NYSE:GPN) last announced its 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 firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 9th. Global Payments’s payout ratio is presently 17.27%.

Global Payments Company 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.