Hsbc Holdings PLC Sells 776,978 Shares of Global Payments Inc. $GPN

Hsbc Holdings PLC decreased its position in Global Payments Inc. (NYSE:GPN) by 54.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 651,984 shares of the business services provider’s stock after selling 776,978 shares during the period. Hsbc Holdings PLC’s holdings in Global Payments were worth $43,664,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in shares of Global Payments in the fourth quarter worth $25,000. DV Equities LLC bought a new stake in Global Payments during the 4th quarter worth about $26,000. True Wealth Design LLC boosted its stake 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 buying an additional 279 shares during the last quarter. Torren Management LLC bought a new position in shares of Global Payments in the 4th quarter valued at about $34,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Global Payments in the 3rd quarter valued at about $35,000. 89.76% of the stock is owned by institutional investors.

Global Payments Stock Up 6.1%

Shares of GPN opened at $82.56 on Tuesday. The firm has a market cap of $22.58 billion, a P/E ratio of -40.47, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $90.64. The firm’s 50-day simple moving average is $71.33 and its 200 day simple moving average is $71.89.

Global Payments (NYSE:GPN) last issued 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 negative net margin of 7.99% and a positive return on equity of 13.11%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the business posted $2.82 earnings per share. The business’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. On average, analysts forecast that Global Payments Inc. will post 13.84 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

Analyst Ratings Changes

GPN has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and set a $80.00 price target on shares of Global Payments in a research report on Thursday, May 7th. BTIG Research reissued a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Raymond James Financial cut shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Citigroup lowered their target price on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Truist Financial cut their price target on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Global Payments has a consensus rating of “Hold” and an average price target of $83.33.

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.