Global Payments Inc. $GPN Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. decreased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 86.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 663,366 shares of the business services provider’s stock after selling 4,107,520 shares during the quarter. Macquarie Group Ltd.’s holdings in Global Payments were worth $51,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in shares of Global Payments during the 3rd quarter valued at $35,000. True Wealth Design LLC lifted 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 valued at $33,000 after acquiring an additional 279 shares in the last quarter. Torren Management LLC purchased a new stake in Global Payments during the 4th quarter worth $34,000. Hantz Financial Services Inc. increased its stake in Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after buying an additional 223 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Global Payments during the 4th quarter worth $39,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price target on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 8th. Mizuho dropped their price target on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Truist Financial dropped 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 note on Tuesday, May 19th. Keefe, Bruyette & Woods dropped their price target on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Finally, Raymond James Financial downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $84.73.

Global Payments Price Performance

GPN opened at $67.72 on Friday. The company has a 50-day moving average of $68.99 and a 200-day moving average of $73.08. The company has a market capitalization of $18.52 billion, a P/E ratio of -33.19, a PEG ratio of 0.37 and a beta of 0.76. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $90.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share 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 the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts expect that Global Payments Inc. will post 13.88 EPS for the current fiscal year.

Global Payments Announces Dividend

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