Global Payments Inc. $GPN Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN) by 61.4% in the first quarter, HoldingsChannel reports. The firm owned 61,950 shares of the business services provider’s stock after selling 98,446 shares during the period. Sterling Capital Management LLC’s holdings in Global Payments were worth $4,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Global Payments in the 4th quarter valued at approximately $276,014,000. Balyasny Asset Management L.P. increased its position in Global Payments by 112.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after buying an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Global Payments by 5,710.5% in the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock worth $72,857,000 after acquiring an additional 925,099 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Global Payments by 93.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after acquiring an additional 683,524 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Global Payments by 117.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock valued at $93,443,000 after acquiring an additional 651,671 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Mizuho decreased their target price on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Stephens set a $80.00 price target on shares of Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Citigroup dropped their target price on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Truist Financial cut their target price on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.87.

Global Payments Stock Up 2.6%

Shares of Global Payments stock opened at $69.93 on Friday. The stock’s fifty day moving average is $69.23 and its 200-day moving average is $72.41. The firm has a market capitalization of $19.13 billion, a PE ratio of -34.28, a price-to-earnings-growth ratio of 0.39 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. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $90.64.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating 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 the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $2.82 earnings per share. Global Payments’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. Equities analysts anticipate that Global Payments Inc. will post 13.86 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.25 per share. 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 1.4%. Global Payments’s dividend 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.