Fisher Asset Management LLC Has $1.55 Million Stake in Global Payments Inc. $GPN

Fisher Asset Management LLC lowered its holdings in Global Payments Inc. (NYSE:GPN) by 43.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,670 shares of the business services provider’s stock after selling 14,224 shares during the quarter. Fisher Asset Management LLC’s holdings in Global Payments were worth $1,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Independent Advisor Alliance increased its position in shares of Global Payments by 260.5% during the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after acquiring an additional 21,278 shares in the last quarter. BIP Wealth LLC lifted its position in Global Payments by 151.6% in the 3rd quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock valued at $2,501,000 after acquiring an additional 18,138 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Global Payments in the 3rd quarter valued at about $905,000. HB Wealth Management LLC boosted its stake in Global Payments by 213.9% during the 3rd quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock valued at $3,062,000 after purchasing an additional 25,118 shares during the last quarter. Finally, Saiph Capital LLC acquired a new position in Global Payments during the 2nd quarter valued at about $7,269,000. Institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of several analyst reports. BNP Paribas Exane lifted their target price on Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Thursday, February 19th. TD Cowen reissued a “hold” rating on shares of Global Payments in a research report on Thursday, February 19th. Jefferies Financial Group dropped their price objective on Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Evercore reduced their target price on shares of Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Global Payments in a report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and an average target price of $91.52.

Global Payments Price Performance

Shares of NYSE:GPN opened at $76.39 on Friday. The firm has a market capitalization of $21.38 billion, a PE ratio of 13.19, a P/E/G ratio of 0.43 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $75.32 and a two-hundred day moving average price of $80.03. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $101.32.

Global Payments (NYSE:GPN) last announced its quarterly earnings results 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. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company posted $2.85 EPS. Global Payments’s revenue was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Global Payments’s dividend payout ratio is 17.27%.

Insider Activity

In other news, EVP David M. Sheffield sold 2,016 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the sale, the executive vice president directly owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was purchased at an average price of $81.42 per share, with a total value of $846,116.64. Following the completion of the transaction, the director directly owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This trade represents a 21.25% increase in their position. The SEC filing for this purchase provides additional information. 1.01% of the stock is owned by company insiders.

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.