Global Payments Inc. $GPN Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of Global Payments Inc. (NYSE:GPN) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,993 shares of the business services provider’s stock after selling 11,596 shares during the quarter. Principal Financial Group Inc.’s holdings in Global Payments were worth $18,844,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. J. Safra Sarasin Holding AG grew its position in shares of Global Payments by 11.8% in the 1st quarter. J. Safra Sarasin Holding AG now owns 12,409 shares of the business services provider’s stock worth $834,000 after acquiring an additional 1,305 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Global Payments by 103.4% during the 1st quarter. International Assets Investment Management LLC now owns 5,054 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 2,569 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Global Payments during the 1st quarter valued at approximately $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Global Payments by 0.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,435 shares of the business services provider’s stock worth $3,731,000 after purchasing an additional 367 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Global Payments by 223.1% during the first quarter. Fifth Third Bancorp now owns 53,291 shares of the business services provider’s stock worth $3,586,000 after purchasing an additional 36,799 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of GPN opened at $79.07 on Thursday. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a fifty day moving average price of $71.80 and a 200 day moving average price of $71.92. The company has a market cap of $21.63 billion, a P/E ratio of -38.76, a PEG ratio of 0.45 and a beta of 0.76.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the business posted $2.82 earnings per share. The firm’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. On average, research analysts forecast that Global Payments Inc. will post 13.82 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Truist Financial reduced their price target on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. TD Cowen reaffirmed a “hold” rating and issued a $74.00 price target (down from $86.00) on shares of Global Payments in a report on Thursday, June 11th. Raymond James Financial downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Finally, Cantor Fitzgerald dropped their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Global Payments has an average rating of “Hold” and an average price target of $83.33.

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.