Intech Investment Management LLC Sells 7,878 Shares of Global Payments Inc. $GPN

Intech Investment Management LLC lessened its holdings in Global Payments Inc. (NYSE:GPN) by 21.8% in the 3rd quarter, Holdings Channel reports. The firm owned 28,204 shares of the business services provider’s stock after selling 7,878 shares during the quarter. Intech Investment Management LLC’s holdings in Global Payments were worth $2,343,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in shares of Global Payments in the third quarter worth about $1,364,000. MAI Capital Management lifted its holdings in Global Payments by 11.6% in the 3rd quarter. MAI Capital Management now owns 2,334 shares of the business services provider’s stock worth $194,000 after purchasing an additional 242 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in Global Payments by 34.1% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 5,793 shares of the business services provider’s stock worth $481,000 after purchasing an additional 1,473 shares during the last quarter. North Star Asset Management Inc. boosted its position in Global Payments by 1.8% during the third quarter. North Star Asset Management Inc. now owns 318,378 shares of the business services provider’s stock worth $26,451,000 after purchasing an additional 5,767 shares during the period. Finally, Cozad Asset Management Inc. bought a new stake in Global Payments during the third quarter worth approximately $205,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of $81.42 per share, with a total value of $846,116.64. Following the acquisition, the director directly owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This represents a 21.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David M. Sheffield sold 2,016 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the completion of the transaction, the executive vice president owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their position. The SEC filing for this sale provides additional information. 1.01% of the stock is currently owned by company insiders.

Global Payments Stock Performance

NYSE GPN opened at $77.71 on Wednesday. The company’s fifty day moving average is $75.55 and its two-hundred day moving average is $80.13. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $101.66. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.43 and a beta of 0.73.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The company 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is presently 17.27%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GPN. Jefferies Financial Group dropped their price target on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. BNP Paribas Exane raised their target price on shares of Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Thursday, February 19th. Stephens dropped their target price on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, Wells Fargo & Company raised their price target on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $91.52.

Global Payments Company 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.