Global Payments Inc. $GPN Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in Global Payments Inc. (NYSE:GPN) by 8.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 543,431 shares of the business services provider’s stock after selling 48,452 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Global Payments were worth $36,573,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GPN. Strive Financial Group LLC acquired a new stake in Global Payments during the fourth quarter worth about $25,000. DV Equities LLC bought a new position in shares of Global Payments during the fourth quarter valued at approximately $26,000. True Wealth Design LLC grew its holdings in shares of 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 purchasing an additional 279 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Global Payments during the 4th quarter worth approximately $34,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Global Payments in the 3rd quarter worth approximately $35,000. Institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GPN shares. Zacks Research lowered Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Citigroup cut their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Wall Street Zen lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Finally, Cantor Fitzgerald cut their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.33.

Global Payments Stock Performance

Shares of GPN opened at $76.95 on Tuesday. The firm has a market capitalization of $21.05 billion, a PE ratio of -37.72, a P/E/G ratio of 0.43 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $70.37 and a 200 day moving average price of $71.95. Global Payments Inc. has a 52-week low of $61.16 and a 52-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 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same quarter last year, the business earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts anticipate that Global Payments Inc. will post 13.84 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.25 per share. The ex-dividend date was 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 -49.02%.

Global Payments 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.