Global Payments Inc. $GPN Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company decreased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 16.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,327 shares of the business services provider’s stock after selling 8,087 shares during the period. Romano Brothers AND Company’s holdings in Global Payments were worth $3,199,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GPN. North Star Investment Management Corp. raised its holdings in shares of Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Global Payments in the third quarter valued at $27,000. SouthState Bank Corp acquired a new stake in Global Payments during the 3rd quarter worth about $28,000. REAP Financial Group LLC purchased a new position in shares of Global Payments during the 3rd quarter valued at about $28,000. Finally, True Wealth Design LLC raised its stake in shares of Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of GPN stock opened at $65.96 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments Inc. has a 12-month low of $65.61 and a 12-month high of $99.99. The business’s 50 day moving average is $73.18 and its two-hundred day moving average is $78.22. The company has a market capitalization of $18.16 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.39 and a beta of 0.73.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 9th. Global Payments’s payout ratio is presently 17.27%.

Analyst Ratings Changes

A number of brokerages have recently commented on GPN. Wells Fargo & Company upped their target price on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Mizuho decreased their price target on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen restated a “hold” rating on shares of Global Payments in a research report on Thursday, February 19th. The Goldman Sachs Group started coverage on shares of Global Payments in a research note on Monday, March 9th. They set a “hold” rating and a $88.00 price objective on the stock. Finally, Rothschild & Co Redburn boosted their target price on shares of Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $91.18.

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.