Global Payments Inc. $GPN Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lessened its holdings in shares of Global Payments Inc. (NYSE:GPN) by 66.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,502 shares of the business services provider’s stock after selling 43,793 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Global Payments were worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GPN. Vanguard Group Inc. lifted its position in Global Payments by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after buying an additional 149,441 shares during the period. Ameriprise Financial Inc. grew its holdings in Global Payments by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock valued at $610,633,000 after buying an additional 499,695 shares during the period. Glenview Capital Management LLC grew its holdings in Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after buying an additional 523,209 shares during the period. Norges Bank acquired a new position in shares of Global Payments during the 2nd quarter valued at about $273,844,000. Finally, Northern Trust Corp lifted its holdings in shares of Global Payments by 0.7% during the 3rd quarter. Northern Trust Corp now owns 2,630,068 shares of the business services provider’s stock worth $218,506,000 after acquiring an additional 18,284 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GPN shares. Rothschild & Co Redburn boosted their price objective on shares of Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group dropped their price target on Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Stephens cut their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, January 16th. BNP Paribas Exane boosted their target price on Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a report on Thursday, February 19th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Global Payments presently has a consensus rating of “Hold” and a consensus target price of $91.36.

Global Payments Trading Up 3.8%

NYSE:GPN opened at $71.11 on Tuesday. The business’s 50-day moving average is $73.70 and its two-hundred day moving average is $78.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $100.56. The firm has a market capitalization of $19.57 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.38 and a beta of 0.73.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.02. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be paid a $0.25 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. Global Payments’s dividend payout ratio is 17.27%.

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.