Natixis Advisors LLC Has $5.73 Million Stake in Global Payments Inc. $GPN

Natixis Advisors LLC decreased its position in shares of Global Payments Inc. (NYSE:GPN) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,979 shares of the business services provider’s stock after selling 11,007 shares during the quarter. Natixis Advisors LLC’s holdings in Global Payments were worth $5,726,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Moore Capital Management LP boosted its holdings in shares of Global Payments by 13.3% during the 3rd quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock valued at $19,208,000 after acquiring an additional 27,200 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Global Payments by 22.7% during the 3rd quarter. LSV Asset Management now owns 342,600 shares of the business services provider’s stock valued at $28,463,000 after acquiring an additional 63,400 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in shares of Global Payments by 50.2% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 89,805 shares of the business services provider’s stock valued at $7,461,000 after acquiring an additional 30,000 shares in the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Global Payments by 11.1% during the 3rd quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock valued at $56,585,000 after acquiring an additional 68,071 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Global Payments by 77.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 97,679 shares of the business services provider’s stock valued at $8,115,000 after acquiring an additional 42,487 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GPN. JPMorgan Chase & Co. cut their target price on Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Raymond James Financial downgraded Global Payments from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. TD Cowen cut their target price on Global Payments from $91.00 to $86.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings downgraded Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Rothschild & Co Redburn cut their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.50.

Global Payments Stock Down 2.8%

Shares of GPN opened at $64.48 on Tuesday. The company has a market capitalization of $17.64 billion, a PE ratio of -31.61, a PEG ratio of 0.37 and a beta of 0.76. Global Payments Inc. has a 12 month low of $62.45 and a 12 month high of $90.64. The stock’s 50-day moving average price is $69.10 and its two-hundred day moving average price is $73.29. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s revenue was up 63.1% compared to the same quarter last year. 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. On average, analysts anticipate that Global Payments Inc. will post 13.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s payout ratio is currently -49.02%.

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.