Nichols & Pratt Advisers LLP MA Sells 11,743 Shares of Global Payments Inc. $GPN

Nichols & Pratt Advisers LLP MA decreased its stake in Global Payments Inc. (NYSE:GPN) by 12.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 81,471 shares of the business services provider’s stock after selling 11,743 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Global Payments were worth $6,306,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Traynor Capital Management Inc. grew its holdings in shares of Global Payments by 3.5% in the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 141 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Global Payments by 23.4% in the 3rd 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 in the last quarter. Swedbank AB grew its holdings in shares of Global Payments by 0.3% in the 3rd 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 in the last quarter. Allworth Financial LP grew its holdings in Global Payments by 43.2% during the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after purchasing an additional 184 shares during the period. Finally, Oakworth Capital Inc. grew its holdings in Global Payments by 1.7% during the third quarter. Oakworth Capital Inc. now owns 11,271 shares of the business services provider’s stock worth $936,000 after purchasing an additional 186 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.2%

Shares of GPN stock opened at $67.75 on Friday. The firm has a 50 day moving average price of $71.38 and a two-hundred day moving average price of $75.61. 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 company has a market capitalization of $18.65 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.40 and a beta of 0.76. Global Payments Inc. has a 12-month low of $62.45 and a 12-month high of $90.64.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, analysts predict that Global Payments Inc. will post 13.75 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 9th were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is 17.27%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GPN. Mizuho reduced their price target on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. TD Cowen reduced their price target on Global Payments from $91.00 to $86.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. Raymond James Financial cut Global Payments from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Zacks Research upgraded Global Payments from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Global Payments in a report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Global Payments presently has an average rating of “Hold” and a consensus price target of $86.20.

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.