Ameritas Investment Partners Inc. Has $184,000 Stake in Global Payments Inc. $GPN

Ameritas Investment Partners Inc. cut its stake in Global Payments Inc. (NYSE:GPN) by 99.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,211 shares of the business services provider’s stock after selling 2,250,213 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Global Payments were worth $184,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in Global Payments in the 4th quarter valued at $725,000. Caxton Associates LLP bought a new stake in shares of Global Payments in the 1st quarter worth $243,000. Intech Investment Management LLC raised its holdings in shares of Global Payments by 43.5% in the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 4,386 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Global Payments by 82.0% in the second quarter. Assetmark Inc. now owns 8,738 shares of the business services provider’s stock valued at $699,000 after purchasing an additional 3,938 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Global Payments by 0.8% during the second quarter. State of Michigan Retirement System now owns 72,678 shares of the business services provider’s stock worth $5,817,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GPN shares. Wells Fargo & Company lifted their target price on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Truist Financial set a $85.00 price objective on Global Payments in a research report on Tuesday, January 20th. Royal Bank Of Canada restated a “sector perform” rating and issued a $97.00 price objective (up from $95.00) on shares of Global Payments in a research note on Thursday, February 19th. BNP Paribas Exane lifted their target price on Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a research note on Thursday, February 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $91.52.

Global Payments Trading Down 0.2%

Shares of Global Payments stock opened at $77.51 on Thursday. The stock has a market capitalization of $21.70 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.43 and a beta of 0.73. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $101.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. The stock’s 50-day simple moving average is $75.46 and its 200 day simple moving average is $80.11.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is currently 17.27%.

Insider Activity

In related news, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of Global Payments stock in a transaction on Thursday, December 11th. The stock was acquired at an average price of $81.42 per share, with a total value of $846,116.64. Following the acquisition, the director directly owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This represents a 21.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David M. Sheffield sold 2,016 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the sale, the executive vice president owned 14,438 shares in the company, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.01% of the stock is owned by company insiders.

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.