Swiss National Bank Increases Stake in Global Payments Inc. $GPN

Swiss National Bank lifted its stake in shares of Global Payments Inc. (NYSE:GPN) by 5.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 698,451 shares of the business services provider’s stock after purchasing an additional 33,600 shares during the period. Swiss National Bank’s holdings in Global Payments were worth $47,006,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Strive Financial Group LLC acquired a new stake in Global Payments in the fourth quarter valued at approximately $25,000. DV Equities LLC purchased a new stake in shares of Global Payments in the 4th quarter valued at approximately $26,000. True Wealth Design LLC increased its position in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 279 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Global Payments in the 4th quarter valued at $34,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Global Payments in the 3rd quarter valued at $35,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Down 1.2%

Shares of NYSE:GPN opened at $79.07 on Thursday. The firm has a 50 day simple moving average of $71.80 and a 200-day simple moving average of $71.92. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $21.63 billion, a PE ratio of -38.76, a P/E/G ratio of 0.45 and a beta of 0.76.

Global Payments (NYSE:GPN) last posted 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. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm posted $2.82 EPS. The company’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. On average, equities analysts predict that Global Payments Inc. will post 13.82 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GPN shares. Argus lowered their target price on shares of Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Truist Financial cut their price target on Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Morgan Stanley initiated coverage on Global Payments in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 price target on the stock. Citigroup lowered their price objective on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Keefe, Bruyette & Woods dropped their price objective on Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.33.

Global Payments Company 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.