Nichols & Pratt Advisers LLP MA Reduces Position in Global Payments Inc. $GPN

Nichols & Pratt Advisers LLP MA decreased its stake in shares of Global Payments Inc. (NYSE:GPN) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,013 shares of the business services provider’s stock after selling 9,458 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Global Payments were worth $4,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pzena Investment Management LLC lifted its position in Global Payments by 1.8% during the 1st quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock worth $781,728,000 after acquiring an additional 205,880 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Global Payments by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after purchasing an additional 499,695 shares during the last quarter. Glenview Capital Management LLC raised its stake in shares of Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after purchasing an additional 523,209 shares during the last quarter. Norges Bank purchased a new stake in Global Payments in the fourth quarter valued at approximately $276,014,000. Finally, Northern Trust Corp boosted its position in Global Payments by 1.7% in the fourth quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after buying an additional 45,857 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on GPN. Argus reduced their price target on shares of Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Royal Bank Of Canada reduced their target price on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Weiss Ratings downgraded shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Five research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.75.

Global Payments Stock Performance

GPN opened at $73.15 on Thursday. The firm has a fifty day moving average price of $70.05 and a 200 day moving average price of $72.05. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $90.64. The stock has a market cap of $20.01 billion, a P/E ratio of -35.86, a P/E/G ratio of 0.44 and a beta of 0.76. 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 released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the business earned $2.82 earnings per share. The firm’s revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts anticipate that Global Payments Inc. will post 13.86 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Global Payments’s dividend payout ratio (DPR) is -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.