Savant Capital LLC Decreases Stake in Global Payments Inc. $GPN

Savant Capital LLC lowered its stake in Global Payments Inc. (NYSE:GPN) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,907 shares of the business services provider’s stock after selling 11,937 shares during the period. Savant Capital LLC’s holdings in Global Payments were worth $2,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GPN. Brighton Jones LLC acquired a new stake in shares of Global Payments in the fourth quarter worth $725,000. Caxton Associates LLP acquired a new stake in Global Payments during the first quarter valued at $243,000. Intech Investment Management LLC grew its position in Global Payments by 43.5% during 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. grew its position in shares of 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 purchasing an additional 2,840 shares during the period. Finally, AXA S.A. grew its position in shares of 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 purchasing an additional 20,119 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Global Payments from $80.00 to $75.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Zacks Research downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, TD Cowen dropped their price objective on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Global Payments has a consensus rating of “Hold” and a consensus target price of $84.29.

Global Payments Trading Down 0.0%

NYSE GPN opened at $75.51 on Monday. 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 Inc. has a 52 week low of $62.45 and a 52 week high of $90.64. The stock has a market capitalization of $20.65 billion, a PE ratio of -37.01, a price-to-earnings-growth ratio of 0.42 and a beta of 0.76. The firm has a 50 day moving average of $69.17 and a two-hundred day moving average of $73.52.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, research analysts expect that Global Payments Inc. will post 13.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, June 12th. Global Payments’s payout ratio is currently -49.02%.

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.