Focused Investors LLC Sells 27,300 Shares of Global Payments Inc. $GPN

Focused Investors LLC cut its position in Global Payments Inc. (NYSE:GPN) by 1.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,434,900 shares of the business services provider’s stock after selling 27,300 shares during the quarter. Global Payments makes up approximately 3.1% of Focused Investors LLC’s investment portfolio, making the stock its 19th largest holding. Focused Investors LLC’s holdings in Global Payments were worth $96,569,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Global Payments in the fourth quarter valued at about $725,000. Caxton Associates LLP acquired a new position in shares of Global Payments during the 1st quarter worth about $243,000. Intech Investment Management LLC lifted its position in shares of Global Payments by 43.5% during the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after purchasing an additional 4,386 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Global Payments by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after purchasing an additional 2,840 shares during the last quarter. Finally, AXA S.A. boosted its stake in Global Payments by 236.6% during the 2nd quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after purchasing an additional 20,119 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup cut their price target on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Zacks Research downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods dropped their target price on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Raymond James Financial cut shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Finally, Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $84.73.

Global Payments Trading Up 0.2%

Global Payments stock opened at $67.03 on Monday. The business has a 50 day moving average price of $69.30 and a two-hundred day moving average price of $72.79. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64. The stock has a market cap of $18.34 billion, a price-to-earnings ratio of -32.86, a price-to-earnings-growth ratio of 0.38 and a beta of 0.76.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.Global Payments’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities analysts forecast that Global Payments Inc. will post 13.88 EPS for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Global Payments’s payout ratio is currently -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.