Pictet Asset Management Holding SA Lowers Holdings in Global Payments Inc. $GPN

Pictet Asset Management Holding SA reduced its stake in shares of Global Payments Inc. (NYSE:GPN) by 23.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 102,556 shares of the business services provider’s stock after selling 30,565 shares during the period. Pictet Asset Management Holding SA’s holdings in Global Payments were worth $6,902,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Strive Financial Group LLC acquired a new stake in Global Payments during the fourth quarter worth about $25,000. DV Equities LLC acquired a new position in Global Payments in the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. purchased a new stake in Global Payments in the 3rd quarter worth approximately $35,000. True Wealth Design LLC grew its stake 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 during the period. Finally, Torren Management LLC acquired a new stake in shares of Global Payments during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.1%

Shares of NYSE GPN opened at $78.56 on Friday. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of -38.51, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76. The company’s 50-day simple moving average is $69.56 and its 200-day simple moving average is $72.24. 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 $61.16 and a 52-week high of $90.64.

Global Payments (NYSE:GPN) last released its quarterly 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 firm 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 for the quarter was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts predict that Global Payments Inc. will post 13.86 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is presently -49.02%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GPN shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Royal Bank Of Canada dropped their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th. Cantor Fitzgerald cut their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Rothschild & Co Redburn lowered their price target on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and an average price target of $83.87.

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.