Global Payments Inc. $GPN Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Global Payments Inc. (NYSE:GPN) by 83.3% in the first quarter, HoldingsChannel reports. The fund owned 201,235 shares of the business services provider’s stock after selling 1,006,042 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Global Payments were worth $13,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Strive Financial Group LLC acquired a new stake in Global Payments in the fourth quarter worth approximately $25,000. DV Equities LLC bought a new stake in shares of Global Payments in the 4th quarter worth $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments in the third quarter valued at $35,000. True Wealth Design LLC boosted its stake in Global Payments by 183.6% during the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares in the last quarter. Finally, Torren Management LLC bought a new position in Global Payments during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Up 2.6%

NYSE GPN opened at $69.93 on Friday. Global Payments Inc. has a twelve month low of $61.16 and a twelve month 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 stock has a market cap of $19.13 billion, a price-to-earnings ratio of -34.28, a PEG ratio of 0.39 and a beta of 0.76. The firm’s 50 day moving average price is $69.23 and its two-hundred day moving average price is $72.41.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for 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%. The company’s revenue was up 63.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts anticipate that Global Payments Inc. will post 13.86 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, June 12th. Global Payments’s payout ratio is presently -49.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GPN shares. BNP Paribas Exane cut their price target 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. Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Morgan Stanley started coverage on Global Payments in a report on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 price target on the stock. Finally, TD Cowen reissued a “hold” rating and set a $74.00 price objective (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and an average target price of $83.87.

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.