Global Payments Inc. $GPN Stake Lessened by Nordea Investment Management AB

Nordea Investment Management AB lessened its holdings in Global Payments Inc. (NYSE:GPN) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,998,332 shares of the business services provider’s stock after selling 580,577 shares during the period. Nordea Investment Management AB owned about 0.84% of Global Payments worth $156,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Global Payments by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock valued at $1,955,908,000 after buying an additional 149,441 shares during the period. Ameriprise Financial Inc. boosted its position in Global Payments by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after acquiring an additional 499,695 shares during the period. Glenview Capital Management LLC grew its stake in Global Payments by 13.8% during the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after acquiring an additional 523,209 shares in the last quarter. Norges Bank purchased a new position in Global Payments during the 2nd quarter valued at about $273,844,000. Finally, Northern Trust Corp increased its holdings in shares of Global Payments by 0.7% in the 3rd quarter. Northern Trust Corp now owns 2,630,068 shares of the business services provider’s stock valued at $218,506,000 after purchasing an additional 18,284 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 0.5%

Shares of Global Payments stock opened at $68.49 on Monday. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.38 and a beta of 0.73. The stock has a 50-day simple moving average of $73.87 and a 200-day simple moving average of $78.72. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $100.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Global Payments’s dividend payout ratio is 17.27%.

Analyst Upgrades and Downgrades

GPN has been the subject of a number of research analyst reports. TD Cowen reissued a “hold” rating on shares of Global Payments in a research report on Thursday, February 19th. Stephens dropped their price objective on shares of 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. Jefferies Financial Group cut their target price on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Truist Financial set a $85.00 target price on shares of Global Payments in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $97.00 price target (up from $95.00) on shares of Global Payments in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $91.36.

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.