Intech Investment Management LLC Sells 19,156 Shares of Global Payments Inc. $GPN

Intech Investment Management LLC reduced its position in shares of Global Payments Inc. (NYSE:GPN) by 67.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,048 shares of the business services provider’s stock after selling 19,156 shares during the quarter. Intech Investment Management LLC’s holdings in Global Payments were worth $700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPN. REAP Financial Group LLC bought a new stake in Global Payments during the 3rd quarter worth about $28,000. True Wealth Design LLC raised its holdings in Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after purchasing an additional 279 shares during the last quarter. Torren Management LLC bought a new stake in Global Payments during the 4th quarter worth about $34,000. Johnson Financial Group Inc. bought a new stake in Global Payments during the 3rd quarter worth about $35,000. Finally, Hantz Financial Services Inc. raised its holdings in Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after purchasing an additional 223 shares during the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN opened at $64.48 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50 day simple moving average of $69.10 and a 200 day simple moving average of $73.29. Global Payments Inc. has a 52-week low of $62.45 and a 52-week high of $90.64. The firm has a market capitalization of $17.64 billion, a PE ratio of -31.61, a P/E/G ratio of 0.37 and a beta of 0.76.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (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 analyst estimates of $2.81 billion. During the same period in the previous year, the firm earned $2.82 EPS. Global Payments’s quarterly 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. Sell-side analysts predict that Global Payments Inc. will post 13.89 EPS for the current fiscal year.

Global Payments Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Global Payments in a research note on Monday, March 9th. They issued a “hold” rating and a $88.00 price target for the company. Citigroup lowered their price target on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Raymond James Financial cut Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods lowered their price target on Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lowered their price target on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.50.

Global Payments Company 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.