Schaper Benz & Wise Investment Counsel Inc. WI Sells 6,315 Shares of Global Payments Inc. $GPN

Schaper Benz & Wise Investment Counsel Inc. WI reduced its holdings in Global Payments Inc. (NYSE:GPN) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,025 shares of the business services provider’s stock after selling 6,315 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Global Payments were worth $5,964,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPN. Western Wealth Management LLC acquired a new position in Global Payments in the first quarter valued at about $34,000. Root Financial Partners LLC grew its position in Global Payments by 209.8% in the first quarter. Root Financial Partners LLC now owns 725 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 491 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Global Payments by 48.5% in the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 250 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in Global Payments in the second quarter valued at $55,000. Finally, Lavaca Capital LLC acquired a new stake in Global Payments in the 1st quarter valued at about $58,000. 89.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GPN has been the topic of several research reports. Weiss Ratings upgraded shares of Global Payments from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Piper Sandler set a $101.00 price target on Global Payments and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Morgan Stanley restated an “overweight” rating and issued a $103.00 target price on shares of Global Payments in a research report on Thursday, August 6th. Truist Financial lifted their target price on Global Payments from $79.00 to $95.00 and gave the company a “hold” rating in a research report on Tuesday, August 25th. Finally, UBS Group began coverage on shares of Global Payments in a report on Thursday, August 6th. They set a “buy” rating for the company. Eleven research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Global Payments has an average rating of “Hold” and an average price target of $95.21.

Global Payments Trading Down 0.7%

NYSE GPN opened at $82.20 on Friday. The business has a 50 day simple moving average of $87.88 and a 200 day simple moving average of $77.19. The stock has a market capitalization of $21.75 billion, a P/E ratio of -27.59, a P/E/G ratio of 0.45 and a beta of 0.80. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.88.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the firm earned $3.10 earnings per share. Global Payments’s revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Research analysts expect that Global Payments Inc. will post 13.64 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Global Payments’s payout ratio is currently -33.56%.

About Global Payments

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides payment processing and related services to merchants, financial institutions and other organizations. Its offerings help businesses accept payments through credit cards, debit cards, digital wallets and other channels, both in physical locations and online.

The company provides point-of-sale systems, payment processing, commerce software, fraud prevention, analytics and other business-management tools.