Janus Henderson Group PLC Reduces Holdings in Global Payments Inc. $GPN

Janus Henderson Group PLC trimmed its stake in Global Payments Inc. (NYSE:GPN) by 73.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,850 shares of the business services provider’s stock after selling 76,714 shares during the quarter. Janus Henderson Group PLC’s holdings in Global Payments were worth $1,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S lifted its position in Global Payments by 1.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after buying an additional 163 shares during the period. Van ECK Associates Corp grew its holdings in Global Payments by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after buying an additional 187 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Global Payments by 1.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 200 shares during the last quarter. Dempze Nancy E increased its stake in shares of Global Payments by 1.5% during the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Global Payments by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 27,310 shares of the business services provider’s stock worth $1,838,000 after acquiring an additional 200 shares during the period. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Down 0.0%

Shares of Global Payments stock opened at $86.11 on Monday. The business’s fifty day moving average price is $75.16 and its two-hundred day moving average price is $72.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $22.79 billion, a P/E ratio of -28.90, a PEG ratio of 0.49 and a beta of 0.74. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $90.85.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. Global Payments’s revenue was up 68.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, research analysts forecast that Global Payments Inc. will post 13.69 EPS for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments’s payout ratio is -33.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GPN shares. Truist Financial lifted their price target on shares of Global Payments from $76.00 to $79.00 and gave the company a “hold” rating in a report on Friday, July 24th. Citigroup reiterated a “buy” rating on shares of Global Payments in a report on Thursday. Barclays set a $89.00 price objective on shares of Global Payments and gave the company an “equal weight” rating in a research report on Thursday. TD Cowen began coverage on Global Payments in a research report on Thursday. They set a “buy” rating on the stock. Finally, Argus set a $110.00 price target on Global Payments and gave the stock a “buy” rating in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.68.

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.