B. Metzler seel. Sohn & Co. AG Sells 11,033 Shares of Global Payments Inc. $GPN

B. Metzler seel. Sohn & Co. AG decreased its stake in Global Payments Inc. (NYSE:GPN) by 53.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,445 shares of the business services provider’s stock after selling 11,033 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Global Payments were worth $785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GPN. Thomasville National Bank lifted its position in Global Payments by 0.7% in the third quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock worth $1,483,000 after buying an additional 125 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Global Payments by 23.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 152 shares during the last quarter. Swedbank AB increased its position in Global Payments by 0.3% during the third quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock valued at $4,252,000 after acquiring an additional 154 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Global Payments by 1.7% in the third quarter. Oakworth Capital Inc. now owns 11,271 shares of the business services provider’s stock valued at $936,000 after acquiring an additional 186 shares during the period. Finally, Manchester Capital Management LLC raised its stake in shares of Global Payments by 36.2% in the second quarter. Manchester Capital Management LLC now owns 745 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 198 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of NYSE:GPN opened at $72.87 on Thursday. The firm’s 50 day simple moving average is $75.01 and its 200-day simple moving average is $79.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. Global Payments Inc. has a one year low of $65.93 and a one year high of $100.56. The firm has a market cap of $20.40 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.41 and a beta of 0.73.

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

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, March 9th. Global Payments’s dividend payout ratio is currently 17.27%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $97.00 price objective (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on Global Payments in a research note on Wednesday, January 14th. They set a “hold” rating and a $80.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. Cantor Fitzgerald reissued a “neutral” rating and set a $88.00 price target (up from $80.00) on shares of Global Payments in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.