Savant Capital LLC Trims Stock Position in Global Payments Inc. $GPN

Savant Capital LLC lessened its stake in shares of Global Payments Inc. (NYSE:GPN) by 25.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,907 shares of the business services provider’s stock after selling 11,937 shares during the quarter. Savant Capital LLC’s holdings in Global Payments were worth $2,702,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GPN. SouthState Bank Corp purchased a new stake in Global Payments in the 3rd quarter valued at $28,000. REAP Financial Group LLC purchased a new stake in Global Payments in the 3rd quarter valued at $28,000. True Wealth Design LLC raised its position in Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 279 shares during the last quarter. Torren Management LLC purchased a new stake in Global Payments in the 4th quarter valued at $34,000. Finally, Johnson Financial Group Inc. purchased a new stake in Global Payments in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on GPN. Royal Bank Of Canada reduced their price target on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 8th. BMO Capital Markets began coverage on shares of Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target for the company. UBS Group reiterated a “neutral” rating and issued a $80.00 price target on shares of Global Payments in a research report on Thursday, May 7th. BNP Paribas Exane reduced their price target on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Global Payments from $80.00 to $75.00 in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Global Payments has a consensus rating of “Hold” and a consensus target price of $84.29.

Global Payments Stock Down 0.0%

Shares of Global Payments stock opened at $75.51 on Monday. The company has a market cap of $20.65 billion, a P/E ratio of -37.01, a PEG ratio of 0.42 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 one year low of $62.45 and a one year high of $90.64. The firm has a fifty day moving average of $69.17 and a two-hundred day moving average of $73.52.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts forecast that Global Payments Inc. will post 13.89 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Global Payments’s dividend payout ratio is presently -49.02%.

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.