Global Payments Inc. $GPN Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC cut its stake in Global Payments Inc. (NYSE:GPN) by 53.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,436 shares of the business services provider’s stock after selling 9,875 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Global Payments were worth $653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Global Payments by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after acquiring an additional 149,441 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Global Payments by 4.6% in the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after acquiring an additional 500,887 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Global Payments by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after acquiring an additional 499,695 shares during the last quarter. Glenview Capital Management LLC increased its stake in shares of Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after acquiring an additional 523,209 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Global Payments during the 4th quarter worth about $276,014,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

Shares of Global Payments stock opened at $75.51 on Friday. The business has a 50-day moving average of $69.17 and a 200 day moving average of $73.54. Global Payments Inc. has a 12 month low of $62.45 and a 12 month high of $90.64. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of -37.01, a price-to-earnings-growth ratio of 0.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS 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 analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.Global Payments’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, sell-side analysts forecast that Global Payments Inc. will post 13.89 earnings per share for the current year.

Global Payments Dividend Announcement

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 paid a $0.25 dividend. 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 dividend payout ratio (DPR) is presently -49.02%.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of recent analyst reports. BNP Paribas Exane cut their price objective on Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. Cantor Fitzgerald cut their price objective on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Truist Financial cut their price objective on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. BMO Capital Markets initiated coverage on Global Payments in a research report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price objective for the company. Finally, TD Cowen cut their price objective on Global Payments from $91.00 to $86.00 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Global Payments presently has an average rating of “Hold” and an average target price of $84.29.

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.