Assenagon Asset Management S.A. Has $93.44 Million Stock Holdings in Global Payments Inc. $GPN

Assenagon Asset Management S.A. raised its position in shares of Global Payments Inc. (NYSE:GPN) by 117.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,207,277 shares of the business services provider’s stock after purchasing an additional 651,671 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.51% of Global Payments worth $93,443,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance boosted its holdings in shares of Global Payments by 260.5% during the 3rd quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after buying an additional 21,278 shares in the last quarter. BIP Wealth LLC grew its position in shares of Global Payments by 151.6% during the 3rd quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after buying an additional 18,138 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Global Payments in the 3rd quarter valued at $905,000. HB Wealth Management LLC boosted its stake in Global Payments by 213.9% during the third quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock worth $3,062,000 after acquiring an additional 25,118 shares in the last quarter. Finally, Saiph Capital LLC bought a new position in Global Payments during the second quarter worth $7,269,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.2%

GPN stock opened at $70.93 on Wednesday. The stock’s fifty day simple moving average is $73.57 and its two-hundred day simple moving average is $78.49. 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 1-year low of $65.93 and a 1-year high of $100.56. The stock has a market cap of $19.52 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.39 and a beta of 0.73.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $2.85 EPS. 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 year.

Global Payments Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments’s dividend payout ratio is presently 17.27%.

Analysts Set New Price Targets

GPN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Global Payments in a research note on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price target for the company. UBS Group reissued a “neutral” rating and set a $87.00 price objective (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Raymond James Financial upgraded Global Payments to a “moderate buy” rating in a research note on Wednesday, February 18th. Stephens dropped their price target on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, January 16th. Finally, Truist Financial set a $85.00 price target on Global Payments in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Global Payments presently has an average rating of “Hold” and an average price target of $91.36.

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.