National Pension Service Has $4.78 Million Stake in Global Payments Inc. $GPN

National Pension Service decreased its position in Global Payments Inc. (NYSE:GPN) by 85.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,769 shares of the business services provider’s stock after selling 351,724 shares during the period. National Pension Service’s holdings in Global Payments were worth $4,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GPN. Brighton Jones LLC acquired a new position in Global Payments in the fourth quarter valued at $725,000. Caxton Associates LLP acquired a new position in Global Payments in the first quarter valued at $243,000. Intech Investment Management LLC lifted its holdings in Global Payments by 43.5% in the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 4,386 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Global Payments by 7.3% in the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock valued at $3,327,000 after buying an additional 2,840 shares during the period. Finally, AXA S.A. lifted its holdings in Global Payments by 236.6% in the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after buying an additional 20,119 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 0.2%

GPN opened at $75.35 on Tuesday. Global Payments Inc. has a fifty-two week low of $62.45 and a fifty-two week 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 company’s 50-day moving average is $69.31 and its 200 day moving average is $73.51. The firm has a market capitalization of $20.61 billion, a PE ratio of -36.93, a P/E/G ratio of 0.42 and a beta of 0.75.

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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm posted $2.82 EPS. 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. As a group, research analysts predict that Global Payments Inc. will post 13.89 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s dividend payout ratio is presently -49.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Argus dropped their price objective on shares of Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. Rothschild & Co Redburn dropped their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. 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 report on Monday, May 11th. Truist Financial dropped their price objective on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Global Payments from $80.00 to $75.00 in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.29.

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.