SEB Asset Management AB Purchases Shares of 49,328 Global Payments Inc. $GPN

SEB Asset Management AB acquired a new position in Global Payments Inc. (NYSE:GPN) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 49,328 shares of the business services provider’s stock, valued at approximately $3,320,000.

Several other institutional investors also recently modified their holdings of GPN. Pzena Investment Management LLC raised its stake in shares of Global Payments by 1.8% in the first quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock valued at $781,728,000 after purchasing an additional 205,880 shares in the last quarter. Glenview Capital Management LLC boosted its stake in Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after buying an additional 523,209 shares in the last quarter. Norges Bank acquired a new stake in Global Payments during the fourth quarter worth $276,014,000. Northern Trust Corp increased its holdings in Global Payments by 1.7% in the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after buying an additional 45,857 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in Global Payments by 112.3% in the 3rd 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 buying an additional 1,206,807 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Down 1.2%

Shares of NYSE GPN opened at $79.07 on Thursday. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The business has a fifty day moving average of $71.80 and a two-hundred day moving average of $71.92. The stock has a market cap of $21.63 billion, a PE ratio of -38.76, a PEG ratio of 0.45 and a beta of 0.76.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.14. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. 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. As a group, equities research analysts expect that Global Payments Inc. will post 13.82 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on GPN. BNP Paribas Exane reduced their price objective on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a report on Friday, April 10th. BTIG Research reissued a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Royal Bank Of Canada dropped 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. Keefe, Bruyette & Woods cut their price target on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Finally, Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Four research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.