Swedbank AB Decreases Stock Holdings in Global Payments Inc. $GPN

Swedbank AB trimmed its position in shares of Global Payments Inc. (NYSE:GPN) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,248 shares of the business services provider’s stock after selling 9,929 shares during the period. Swedbank AB’s holdings in Global Payments were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Global Payments during the 3rd quarter worth approximately $27,000. REAP Financial Group LLC purchased a new stake in shares of Global Payments during the 3rd quarter worth approximately $28,000. SouthState Bank Corp purchased a new stake in shares of Global Payments during the 3rd quarter worth approximately $28,000. Johnson Financial Group Inc. purchased a new stake in shares of Global Payments during the 3rd quarter worth approximately $35,000. Finally, True Wealth Design LLC raised its holdings in shares of Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after acquiring an additional 279 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GPN shares. Keefe, Bruyette & Woods decreased their price target on Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Raymond James Financial lowered Global Payments from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Global Payments from $80.00 to $75.00 in a report on Monday, May 11th. BNP Paribas Exane decreased their price target on Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, April 10th. Finally, Weiss Ratings lowered Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus price target of $84.29.

Global Payments Price Performance

Shares of GPN stock opened at $73.50 on Thursday. Global Payments Inc. has a 1-year low of $62.45 and a 1-year high of $90.64. The stock’s 50-day moving average is $69.02 and its 200 day moving average is $73.54. The company has a market cap of $20.10 billion, a P/E ratio of -36.03, a PEG ratio of 0.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts predict that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

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.