Blue Trust Inc. Sells 40,950 Shares of Global Payments Inc. $GPN

Blue Trust Inc. trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,140 shares of the business services provider’s stock after selling 40,950 shares during the period. Blue Trust Inc. owned about 0.16% of Global Payments worth $29,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Balyasny Asset Management L.P. lifted its position in shares of Global Payments by 112.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after purchasing an additional 1,206,807 shares during the period. Assenagon Asset Management S.A. increased its holdings in Global Payments by 117.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock valued at $93,443,000 after buying an additional 651,671 shares during the period. National Bank of Canada FI increased its holdings in Global Payments by 126.9% during the third quarter. National Bank of Canada FI now owns 1,019,788 shares of the business services provider’s stock valued at $84,724,000 after buying an additional 570,413 shares during the period. Natixis raised its stake in Global Payments by 205.6% in the second quarter. Natixis now owns 778,204 shares of the business services provider’s stock worth $62,287,000 after buying an additional 523,555 shares in the last quarter. Finally, Glenview Capital Management LLC raised its stake in Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after buying an additional 523,209 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GPN shares. Raymond James Financial cut Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Mizuho decreased their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. The Goldman Sachs Group started coverage on Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, Rothschild & Co Redburn boosted their target price on shares of Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $91.18.

Global Payments Stock Performance

Shares of GPN opened at $65.43 on Thursday. Global Payments Inc. has a 12 month low of $63.92 and a 12 month high of $99.99. The stock has a fifty day moving average price of $72.78 and a 200-day moving average price of $77.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. The firm has a market cap of $18.01 billion, a PE ratio of 11.30, a P/E/G ratio of 0.37 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 for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business earned $2.85 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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