Goldman Sachs Group Inc. Sells 151,088 Shares of Global Payments Inc. $GPN

Goldman Sachs Group Inc. lowered its holdings in shares of Global Payments Inc. (NYSE:GPN) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,275,546 shares of the business services provider’s stock after selling 151,088 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Global Payments were worth $176,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Westpac Banking Corp increased its position in shares of Global Payments by 5,795.1% during the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares during the last quarter. Moore Capital Management LP boosted its holdings in shares of Global Payments by 13.3% in the 3rd quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock valued at $19,208,000 after buying an additional 27,200 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Global Payments by 22.7% in the 3rd quarter. LSV Asset Management now owns 342,600 shares of the business services provider’s stock valued at $28,463,000 after buying an additional 63,400 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its stake in shares of Global Payments by 50.2% in the third quarter. Prescott Group Capital Management L.L.C. now owns 89,805 shares of the business services provider’s stock valued at $7,461,000 after buying an additional 30,000 shares in the last quarter. Finally, Invenomic Capital Management LP grew its stake in shares of Global Payments by 11.1% in the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock valued at $56,585,000 after buying an additional 68,071 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on GPN shares. JPMorgan Chase & Co. dropped their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Global Payments from $80.00 to $75.00 in a research report on Monday, May 11th. Rothschild & Co Redburn lowered their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Royal Bank Of Canada dropped their target price on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Finally, BMO Capital Markets initiated coverage on shares of Global Payments in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus price target of $85.50.

Global Payments Price Performance

NYSE:GPN opened at $66.35 on Monday. The company has a market cap of $18.15 billion, a P/E ratio of -32.53, a P/E/G ratio of 0.37 and a beta of 0.76. The firm’s fifty day moving average price is $69.21 and its two-hundred day moving average price is $73.34. Global Payments Inc. has a one year low of $62.45 and a one year high of $90.64. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the company posted $2.82 EPS. Global Payments’s quarterly revenue 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. Equities analysts expect 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. Stockholders of record on Friday, June 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, June 12th. Global Payments’s payout ratio is currently -49.02%.

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.