Independent Advisor Alliance Cuts Stock Position in Global Payments Inc. $GPN

Independent Advisor Alliance cut its holdings in Global Payments Inc. (NYSE:GPN) by 42.0% in the fourth quarter, HoldingsChannel reports. The firm owned 17,070 shares of the business services provider’s stock after selling 12,376 shares during the quarter. Independent Advisor Alliance’s holdings in Global Payments were worth $1,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Global Payments by 0.6% in the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock valued at $1,955,908,000 after purchasing an additional 149,441 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Global Payments by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock valued at $610,633,000 after purchasing an additional 499,695 shares in the last quarter. Glenview Capital Management LLC grew its holdings in shares of 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 valued at $345,524,000 after purchasing an additional 523,209 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Global Payments by 0.7% in the third quarter. Northern Trust Corp now owns 2,630,068 shares of the business services provider’s stock valued at $218,506,000 after purchasing an additional 18,284 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Global Payments by 112.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after purchasing an additional 1,206,807 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GPN has been the subject of a number of recent research reports. Cantor Fitzgerald cut their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Rothschild & Co Redburn cut their target price on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday. UBS Group reissued a “neutral” rating and issued a $80.00 target price on shares of Global Payments in a report on Thursday, May 7th. Wall Street Zen raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Truist Financial cut their target price on shares of Global Payments from $85.00 to $81.00 and set a “hold” rating for the company in a report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Global Payments has an average rating of “Hold” and an average target price of $84.52.

Global Payments Stock Up 0.3%

Shares of GPN opened at $67.55 on Friday. The company has a market cap of $18.48 billion, a PE ratio of -33.11, a P/E/G ratio of 0.38 and a beta of 0.75. The business has a fifty day moving average of $69.21 and a 200 day moving average of $74.05. Global Payments Inc. has a 52-week low of $62.45 and a 52-week high of $90.64. The company has a quick ratio of 1.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

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

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.25 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is currently -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.