Global Payments Inc. $GPN Shares Sold by Ceera Investments LLC

Ceera Investments LLC cut its position in Global Payments Inc. (NYSE:GPN) by 10.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 57,480 shares of the business services provider’s stock after selling 6,983 shares during the quarter. Global Payments comprises 1.7% of Ceera Investments LLC’s holdings, making the stock its 19th largest position. Ceera Investments LLC’s holdings in Global Payments were worth $3,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new position in Global Payments in the 4th quarter worth $25,000. DV Equities LLC acquired a new stake in shares of Global Payments during the fourth quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the third quarter valued at about $35,000. True Wealth Design LLC increased its position 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 worth $33,000 after acquiring an additional 279 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Global Payments during the fourth quarter worth about $34,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets began coverage on Global Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $76.00 target price for the company. Royal Bank Of Canada lowered their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Barclays assumed coverage on shares of Global Payments in a report on Wednesday, July 8th. They issued an “equal weight” rating and a $81.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Finally, Wall Street Zen lowered Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $83.33.

Global Payments Trading Down 3.1%

Shares of NYSE:GPN opened at $77.99 on Friday. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $90.64. The company has a 50 day moving average price of $71.06 and a 200 day moving average price of $71.93. The stock has a market capitalization of $21.33 billion, a price-to-earnings ratio of -38.23, a PEG ratio of 0.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79.

Global Payments (NYSE:GPN) last released its quarterly earnings data 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. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the company posted $2.82 EPS. The company’s revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts anticipate that Global Payments Inc. will post 13.84 EPS for the current fiscal year.

Global Payments Dividend Announcement

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