Nordea Investment Management AB Has $156.24 Million Stake in Global Payments Inc. $GPN

Nordea Investment Management AB reduced its stake in shares of Global Payments Inc. (NYSE:GPN) by 22.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,998,332 shares of the business services provider’s stock after selling 580,577 shares during the quarter. Nordea Investment Management AB’s holdings in Global Payments were worth $156,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in shares of Global Payments by 242.2% during the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Global Payments in the 3rd quarter valued at approximately $27,000. SouthState Bank Corp acquired a new stake in Global Payments in the 3rd quarter worth approximately $28,000. REAP Financial Group LLC acquired a new stake in Global Payments in the 3rd quarter worth approximately $28,000. Finally, Johnson Financial Group Inc. bought a new stake in Global Payments during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Up 0.5%

GPN opened at $68.49 on Monday. The business has a 50 day moving average of $73.87 and a 200-day moving average of $78.72. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.38 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $100.56.

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

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be issued 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 1.5%. Global Payments’s payout ratio is presently 17.27%.

Wall Street Analyst Weigh In

GPN has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of Global Payments in a report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price objective for the company. TD Cowen reiterated a “hold” rating on shares of Global Payments in a research note on Thursday, February 19th. Truist Financial set a $85.00 target price on shares of Global Payments in a research report on Tuesday, January 20th. Finally, Raymond James Financial upgraded shares of Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Global Payments has a consensus rating of “Hold” and an average target price of $91.36.

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.