Ameriprise Financial Inc. Grows Holdings in Global Payments Inc. $GPN

Ameriprise Financial Inc. increased its holdings in Global Payments Inc. (NYSE:GPN) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,349,876 shares of the business services provider’s stock after acquiring an additional 499,695 shares during the quarter. Ameriprise Financial Inc. owned about 3.10% of Global Payments worth $610,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GPN. Schonfeld Strategic Advisors LLC increased its position in Global Payments by 139.1% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 39,144 shares of the business services provider’s stock valued at $3,252,000 after buying an additional 22,776 shares in the last quarter. Creative Planning grew its stake in shares of Global Payments by 76.0% in the third quarter. Creative Planning now owns 50,866 shares of the business services provider’s stock worth $4,226,000 after acquiring an additional 21,959 shares during the last quarter. FJ Capital Management LLC purchased a new stake in shares of Global Payments in the third quarter worth $195,000. AQR Capital Management LLC increased its holdings in shares of Global Payments by 74.8% during the third quarter. AQR Capital Management LLC now owns 662,102 shares of the business services provider’s stock valued at $55,007,000 after acquiring an additional 283,332 shares in the last quarter. Finally, Zacks Investment Management bought a new position in shares of Global Payments during the third quarter valued at $9,695,000. Institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GPN shares. Keefe, Bruyette & Woods upped their price target on shares of Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Jefferies Financial Group reduced their price objective on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 24th. JPMorgan Chase & Co. dropped their target price on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Raymond James Financial upgraded shares of Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. Finally, UBS Group reissued a “neutral” rating and set a $87.00 price target (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.36.

Global Payments Price Performance

Shares of NYSE:GPN opened at $68.64 on Monday. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $100.56. The business has a 50-day simple moving average of $74.73 and a two-hundred day simple moving average of $79.37. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 0.38 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 net margin of 16.92% and a return on equity of 12.72%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $2.85 EPS. The business’s quarterly 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. On average, analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is currently 17.27%.

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.