Macquarie Group Ltd. Reduces Holdings in Global Payments Inc. $GPN

Macquarie Group Ltd. trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN) by 86.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 663,366 shares of the business services provider’s stock after selling 4,107,520 shares during the period. Macquarie Group Ltd. owned about 0.28% of Global Payments worth $51,345,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Global Payments by 0.6% during 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 in the last quarter. Pzena Investment Management LLC grew its stake in Global Payments by 4.6% in the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after acquiring an additional 500,887 shares during the period. Ameriprise Financial Inc. grew its stake in Global Payments by 7.3% in 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% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after acquiring an additional 523,209 shares during the period. Finally, Norges Bank purchased a new stake in Global Payments in the 4th quarter worth approximately $276,014,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Stock Up 3.5%

Shares of GPN opened at $67.72 on Friday. The firm has a market cap of $18.52 billion, a PE ratio of -33.19, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. The company’s fifty day moving average is $68.99 and its two-hundred day moving average is $73.08. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. Global Payments’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same quarter last year, the business earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts forecast that Global Payments Inc. will post 13.88 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Global Payments’s payout ratio is presently -49.02%.

Analyst Ratings Changes

Several analysts have commented on the stock. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research note on Tuesday. TD Cowen reaffirmed a “hold” rating and issued a $74.00 target price (down from $86.00) on shares of Global Payments in a research note on Thursday. Zacks Research cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada lowered their target price on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.73.

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.