Capitolis Liquid Global Markets LLC Trims Stake in Global Payments Inc. $GPN

Capitolis Liquid Global Markets LLC reduced its holdings in Global Payments Inc. (NYSE:GPN) by 78.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,500 shares of the business services provider’s stock after selling 399,800 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in Global Payments were worth $9,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GPN. Vanguard Group Inc. boosted its position 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 valued at $1,955,908,000 after acquiring an additional 149,441 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Global Payments by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after purchasing an additional 499,695 shares during the last quarter. Glenview Capital Management LLC raised its stake in Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after purchasing an additional 523,209 shares in the last quarter. Norges Bank bought a new stake in Global Payments during the second quarter valued at approximately $273,844,000. Finally, Balyasny Asset Management L.P. lifted its position in Global Payments by 112.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after purchasing an additional 1,206,807 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 2.4%

Shares of GPN opened at $68.64 on Monday. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $100.56. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.38 and a beta of 0.73. The firm has a 50 day moving average price of $74.73 and a 200-day moving average price of $79.37. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, topping 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 company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned $2.85 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities research analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is currently 17.27%.

Analysts Set New Price Targets

A number of equities analysts have commented on GPN shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Global Payments in a research note on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price target for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $97.00 price objective (up from $95.00) on shares of Global Payments in a report on Thursday, February 19th. BNP Paribas Exane upped their target price on shares of Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a research report on Thursday, February 19th. Rothschild & Co Redburn increased their target price on Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research note on Wednesday, December 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $88.00 price target (up from $80.00) on shares of Global Payments in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.36.

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.