Waverly Advisors LLC Sells 7,721 Shares of Global Payments Inc. $GPN

Waverly Advisors LLC lessened its holdings in Global Payments Inc. (NYSE:GPN) by 11.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 58,163 shares of the business services provider’s stock after selling 7,721 shares during the period. Waverly Advisors LLC’s holdings in Global Payments were worth $4,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S raised its stake in Global Payments by 1.6% in the fourth 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. Southern Financial Group LLC increased its holdings in shares of Global Payments by 5.1% in the 1st quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock valued at $246,000 after acquiring an additional 178 shares during the period. Van ECK Associates Corp increased its holdings in shares of Global Payments by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after acquiring an additional 187 shares during the period. New Mexico Educational Retirement Board raised its position in shares of Global Payments by 1.8% in 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 in the last quarter. Finally, Dempze Nancy E raised its position in shares of Global Payments by 1.5% in the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock worth $1,045,000 after acquiring an additional 200 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GPN shares. Barclays set a $89.00 price objective on Global Payments and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Piper Sandler set a $101.00 price target on shares of Global Payments and gave the company a “neutral” rating in a research report on Thursday. Wolfe Research restated an “outperform” rating and issued a $125.00 price target (up from $110.00) on shares of Global Payments in a report on Tuesday, August 25th. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus target price of $92.85.

Global Payments Price Performance

Shares of NYSE GPN opened at $88.46 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $23.41 billion, a PE ratio of -29.68, a P/E/G ratio of 0.48 and a beta of 0.78. The business has a 50-day simple moving average of $86.24 and a two-hundred day simple moving average of $75.81. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88.

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

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Global Payments’s dividend payout ratio (DPR) is currently -33.56%.

Global Payments Profile

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.