Global Payments Inc. $GPN Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Global Payments Inc. (NYSE:GPN) by 30.6% during the second quarter, Holdings Channel reports. The firm owned 61,750 shares of the business services provider’s stock after selling 27,171 shares during the period. Handelsbanken Fonder AB’s holdings in Global Payments were worth $4,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Gtcr LLC acquired a new position in shares of Global Payments during the first quarter valued at $2,911,939,000. Pzena Investment Management LLC raised its stake in shares of Global Payments by 1.8% in 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 buying an additional 205,880 shares in the last quarter. Glenview Capital Management LLC lifted its holdings in 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 valued at $345,524,000 after acquiring an additional 523,209 shares during the last quarter. Norges Bank acquired a new stake in Global Payments during the fourth quarter valued at approximately $276,014,000. Finally, Northern Trust Corp boosted its stake in shares of Global Payments by 1.7% during the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock worth $207,117,000 after acquiring an additional 45,857 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on GPN shares. Cantor Fitzgerald lowered their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Argus set a $110.00 price target on Global Payments and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company cut their target price on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Robert W. Baird set a $120.00 target price on shares of Global Payments in a research report on Thursday, August 6th. Finally, Barclays set a $89.00 price objective on Global Payments and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $90.68.

Global Payments Trading Down 1.9%

Shares of NYSE GPN opened at $93.00 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $77.08 and a two-hundred day moving average of $73.20. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $95.58. The company has a market cap of $24.61 billion, a PE ratio of -31.21, a P/E/G ratio of 0.55 and a beta of 0.74.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same period last year, the firm earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities analysts expect that Global Payments Inc. will post 13.67 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments’s dividend payout ratio (DPR) is -33.56%.

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.