MIdWestOne Financial Group Inc. Has $2.33 Million Stock Holdings in Global Payments Inc. $GPN

MIdWestOne Financial Group Inc. lowered its stake in Global Payments Inc. (NYSE:GPN) by 48.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,157 shares of the business services provider’s stock after selling 28,088 shares during the period. MIdWestOne Financial Group Inc.’s holdings in Global Payments were worth $2,334,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its holdings 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 purchasing an additional 279 shares during the period. Torren Management LLC acquired a new position in Global Payments in the fourth quarter valued at $34,000. Johnson Financial Group Inc. acquired a new position in Global Payments in the third quarter valued at $35,000. Hantz Financial Services Inc. raised its holdings in shares of Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 223 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Global Payments during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

GPN has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Global Payments in a report on Monday, March 9th. They issued a “hold” rating and a $88.00 target price on the stock. 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. Royal Bank Of Canada decreased their price target on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. BMO Capital Markets assumed coverage on shares of Global Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $84.73.

Global Payments Stock Performance

Global Payments stock opened at $65.45 on Friday. The stock has a market cap of $17.90 billion, a P/E ratio of -32.09, a price-to-earnings-growth ratio of 0.35 and a beta of 0.76. The firm’s fifty day moving average price is $68.94 and its 200-day moving average price is $73.11. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64. 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 issued its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s revenue was up 63.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities research analysts expect that Global Payments Inc. will post 13.88 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

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.