Global Payments Inc. $GPN Shares Sold by Earnest Partners LLC

Earnest Partners LLC reduced its stake in Global Payments Inc. (NYSE:GPN) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 728,065 shares of the business services provider’s stock after selling 11,585 shares during the period. Earnest Partners LLC owned 0.31% of Global Payments worth $60,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Global Payments by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after purchasing an additional 149,441 shares during the last quarter. Ameriprise Financial Inc. increased its position in Global Payments by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after buying an additional 499,695 shares during the period. Glenview Capital Management LLC increased its position 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 during the period. Norges Bank bought a new stake in Global Payments in the second quarter valued at $273,844,000. Finally, Balyasny Asset Management L.P. lifted its stake in Global Payments by 112.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after buying an additional 1,206,807 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GPN has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Rothschild & Co Redburn lifted their price objective on shares of Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research report on Wednesday, December 3rd. Zacks Research raised shares of Global Payments to a “hold” rating in a research note on Tuesday, November 18th. UBS Group restated a “neutral” rating and issued a $87.00 target price (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Finally, Truist Financial set a $85.00 price target on shares of Global Payments in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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 firm’s 50-day simple moving average is $74.73 and its 200 day simple moving average is $79.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. The stock has a market cap of $19.21 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.38 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 analysts’ consensus estimates 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 net margin of 16.92% and a return on equity of 12.72%. Global Payments’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders 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 dividend yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is 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.