SEB Asset Management AB Acquires Shares of 49,328 Global Payments Inc. $GPN

SEB Asset Management AB acquired a new position in Global Payments Inc. (NYSE:GPN) during the first quarter, HoldingsChannel reports. The fund acquired 49,328 shares of the business services provider’s stock, valued at approximately $3,320,000.

Several other large investors also recently made changes to their positions in the business. Traynor Capital Management Inc. increased its stake in shares of Global Payments by 3.5% in the fourth quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after buying an additional 141 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after buying an additional 163 shares in the last quarter. Allworth Financial LP lifted its position in Global Payments by 43.2% during the 3rd quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after buying an additional 184 shares in the last quarter. Van ECK Associates Corp grew its holdings in Global Payments by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after acquiring an additional 187 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in Global Payments by 1.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GPN. TD Cowen reaffirmed a “hold” rating and issued a $74.00 target price (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Morgan Stanley initiated coverage on Global Payments in a report on Monday, June 22nd. They set an “equal weight” rating and a $65.00 price objective on the stock. Truist Financial decreased their price objective on Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada lowered their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Global Payments presently has an average rating of “Hold” and a consensus target price of $83.33.

Global Payments Stock Down 1.2%

Shares of Global Payments stock opened at $79.07 on Thursday. The business has a fifty day simple moving average of $71.80 and a 200 day simple moving average of $71.92. The stock has a market cap of $21.63 billion, a PE ratio of -38.76, a price-to-earnings-growth ratio of 0.45 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating 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 firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The company’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts predict that Global Payments Inc. will post 13.82 EPS for the current year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

About Global Payments

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.