Goldman Sachs Group Inc. Sells 151,088 Shares of Global Payments Inc. $GPN

Goldman Sachs Group Inc. decreased its holdings in Global Payments Inc. (NYSE:GPN) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,275,546 shares of the business services provider’s stock after selling 151,088 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.96% of Global Payments worth $176,127,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in Global Payments during the 4th quarter worth $725,000. Caxton Associates LLP acquired a new stake in shares of Global Payments in the 1st quarter valued at $243,000. Intech Investment Management LLC raised its position in shares of Global Payments by 43.5% during the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after acquiring an additional 4,386 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Global Payments by 7.3% during the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after acquiring an additional 2,840 shares during the last quarter. Finally, AXA S.A. lifted its stake in shares of Global Payments by 236.6% during the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after acquiring an additional 20,119 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of GPN opened at $66.35 on Monday. 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 Inc. has a 1 year low of $62.45 and a 1 year high of $90.64. The stock has a market cap of $18.15 billion, a P/E ratio of -32.53, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. The stock’s 50-day moving average price is $69.21 and its two-hundred day moving average price is $73.34.

Global Payments (NYSE:GPN) last announced its quarterly earnings results 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 company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.Global Payments’s revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts predict that Global Payments Inc. will post 13.89 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is -49.02%.

Analysts Set New Price Targets

A number of analysts recently commented on GPN shares. Cantor Fitzgerald lowered their price objective on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Raymond James Financial lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Citigroup lowered their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Global Payments from $80.00 to $75.00 in a research note on Monday, May 11th. Finally, Mizuho cut their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Global Payments has an average rating of “Hold” and an average price target of $85.50.

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.