National Pension Service Sells 351,724 Shares of Global Payments Inc. $GPN

National Pension Service reduced its stake in shares of Global Payments Inc. (NYSE:GPN) by 85.1% in the fourth quarter, Holdings Channel reports. The fund owned 61,769 shares of the business services provider’s stock after selling 351,724 shares during the quarter. National Pension Service’s holdings in Global Payments were worth $4,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPN. SouthState Bank Corp bought a new position in shares of Global Payments during the 3rd quarter valued at approximately $28,000. REAP Financial Group LLC bought a new position in shares of Global Payments during the 3rd quarter valued at approximately $28,000. True Wealth Design LLC grew its position 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 valued at $33,000 after acquiring an additional 279 shares during the period. Torren Management LLC bought a new position in shares of Global Payments during the 4th quarter valued at approximately $34,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Global Payments during the 3rd quarter valued at approximately $35,000. 89.76% of the stock is owned by institutional investors.

Global Payments Stock Performance

Global Payments stock opened at $75.35 on Tuesday. The firm’s fifty day moving average price is $69.31 and its 200-day moving average price is $73.51. 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 stock has a market cap of $20.61 billion, a P/E ratio of -36.93, a price-to-earnings-growth ratio of 0.42 and a beta of 0.75. Global Payments Inc. has a fifty-two week low of $62.45 and a fifty-two week high of $90.64.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the company posted $2.82 EPS. The business’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities research analysts expect that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GPN shares. Mizuho reduced their target price on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. BMO Capital Markets started coverage on shares of Global Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price objective for the company. BNP Paribas Exane lowered their target price on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. TD Cowen lowered their target price on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating on the stock in a research note on Tuesday, April 7th. Finally, Rothschild & Co Redburn lowered their target price 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. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Global Payments currently has an average rating of “Hold” and an average target price of $84.29.

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.