SG Americas Securities LLC Has $17.52 Million Stake in Global Payments Inc. $GPN

SG Americas Securities LLC lowered its position in shares of Global Payments Inc. (NYSE:GPN) by 67.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,264 shares of the business services provider’s stock after selling 548,840 shares during the quarter. SG Americas Securities LLC’s holdings in Global Payments were worth $17,516,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GPN. Pzena Investment Management LLC lifted its stake in shares of Global Payments by 4.6% in the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after purchasing an additional 500,887 shares during the period. Ameriprise Financial Inc. grew its stake in 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 purchasing an additional 499,695 shares during the period. Glenview Capital Management LLC grew its stake in 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 purchasing an additional 523,209 shares during the period. Norges Bank bought a new stake in Global Payments in the fourth quarter worth approximately $276,014,000. Finally, Northern Trust Corp lifted its stake in Global Payments by 1.7% in the fourth quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after buying an additional 45,857 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Price Performance

Shares of NYSE:GPN opened at $68.13 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64. The stock’s 50 day moving average is $69.23 and its 200-day moving average is $72.42. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of -33.40, a PEG ratio of 0.38 and a beta of 0.76.

Global Payments (NYSE:GPN) last issued its 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. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the business earned $2.82 EPS. Global Payments’s quarterly revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts forecast that Global Payments Inc. will post 13.87 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is -49.02%.

Analyst Ratings Changes

GPN has been the subject of several recent analyst reports. Morgan Stanley began coverage on shares of Global Payments in a research report on Monday. They set an “equal weight” rating and a $65.00 price objective for the company. Royal Bank Of Canada dropped their target price on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th. BNP Paribas Exane cut their target price on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. Citigroup reduced their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Wall Street Zen lowered shares of Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Five investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.87.

About Global Payments

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.