Lyrical Asset Management LP Sells 117,991 Shares of Global Payments Inc. $GPN

Lyrical Asset Management LP decreased its stake in shares of Global Payments Inc. (NYSE:GPN) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,816,760 shares of the business services provider’s stock after selling 117,991 shares during the quarter. Global Payments accounts for about 2.0% of Lyrical Asset Management LP’s investment portfolio, making the stock its 24th biggest position. Lyrical Asset Management LP owned about 0.77% of Global Payments worth $140,617,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GPN. REAP Financial Group LLC acquired a new stake in Global Payments during the third quarter worth about $28,000. SouthState Bank Corp bought a new stake in shares of Global Payments in the 3rd quarter worth approximately $28,000. True Wealth Design LLC grew its holdings in shares of Global Payments by 183.6% during the 4th 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 in the last quarter. Torren Management LLC acquired a new stake in shares of Global Payments during the 4th quarter worth approximately $34,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Global Payments during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Up 0.0%

Shares of Global Payments stock opened at $66.35 on Monday. The company has a 50-day simple moving average of $69.21 and a 200 day simple moving average of $73.34. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $18.15 billion, a P/E ratio of -32.53, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. Global Payments Inc. has a 12-month low of $62.45 and a 12-month high of $90.64.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts expect that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Rothschild & Co Redburn reduced their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. BMO Capital Markets initiated coverage on shares of Global Payments in a research report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 target price on the stock. Truist Financial dropped their price target on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Finally, BNP Paribas Exane decreased their price objective on Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.50.

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.