Global Payments Inc. $GPN Shares Sold by Ceera Investments LLC

Ceera Investments LLC reduced its stake in Global Payments Inc. (NYSE:GPN) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,480 shares of the business services provider’s stock after selling 6,983 shares during the quarter. Global Payments comprises approximately 1.7% of Ceera Investments LLC’s portfolio, making the stock its 19th biggest holding. Ceera Investments LLC’s holdings in Global Payments were worth $3,868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPN. Westpac Banking Corp grew its stake in Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after acquiring an additional 56,212 shares during the period. LSV Asset Management lifted its stake in shares of Global Payments by 30.8% during the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after purchasing an additional 105,500 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Global Payments by 4.6% during the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after purchasing an additional 500,887 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Global Payments by 18.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock worth $110,768,000 after purchasing an additional 227,317 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Global Payments during the fourth quarter worth $22,847,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GPN shares. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a research report on Tuesday, June 9th. BMO Capital Markets began coverage on Global Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target for the company. Mizuho dropped their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Keefe, Bruyette & Woods cut their price objective on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Finally, Cantor Fitzgerald decreased their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and an average target price of $83.33.

Global Payments Price Performance

Global Payments stock opened at $77.99 on Friday. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64. The firm has a fifty day moving average of $71.06 and a 200-day moving average of $71.93. The firm has a market capitalization of $21.33 billion, a P/E ratio of -38.23, a PEG ratio of 0.45 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 (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the business posted $2.82 EPS. The business’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, analysts predict that Global Payments Inc. will post 13.84 EPS for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is presently -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.