Global Payments Inc. $GPN Shares Sold by Forsta AP Fonden

Forsta AP Fonden cut its holdings in shares of Global Payments Inc. (NYSE:GPN) by 63.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,800 shares of the business services provider’s stock after selling 70,500 shares during the period. Forsta AP Fonden’s holdings in Global Payments were worth $3,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Global Payments by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after buying an additional 149,441 shares during the period. Pzena Investment Management LLC boosted its position in shares of Global Payments by 4.6% during the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after buying an additional 500,887 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Global Payments by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after buying an additional 499,695 shares during the period. Glenview Capital Management LLC boosted its position in shares of Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after buying an additional 523,209 shares during the period. Finally, Norges Bank acquired a new position in shares of Global Payments during the fourth quarter worth approximately $276,014,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Global Payments in a research report on Thursday, May 7th. BNP Paribas Exane reduced their price objective on Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. Cantor Fitzgerald reduced their price objective on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada dropped their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Finally, Stephens set a $80.00 target price on Global Payments and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $84.29.

Global Payments Stock Performance

NYSE:GPN opened at $74.09 on Wednesday. Global Payments Inc. has a twelve month low of $62.45 and a twelve month high of $90.64. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $69.31 and a 200-day moving average of $73.51. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of -36.32, a price-to-earnings-growth ratio of 0.42 and a beta of 0.76.

Global Payments (NYSE:GPN) last posted its quarterly earnings data 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 negative net margin of 7.99% and a positive return on equity of 13.11%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts forecast that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is currently -49.02%.

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.