SG Americas Securities LLC Has $17.52 Million Stake in Global Payments Inc. $GPN

SG Americas Securities LLC lowered its stake in Global Payments Inc. (NYSE:GPN) by 67.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,264 shares of the business services provider’s stock after selling 548,840 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of Global Payments worth $17,516,000 as of its most recent SEC filing.

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

Global Payments Stock Up 1.6%

Shares of NYSE:GPN opened at $68.13 on Friday. The firm has a market cap of $18.64 billion, a P/E ratio of -33.40, a P/E/G ratio of 0.38 and a beta of 0.76. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $90.64. The business has a fifty day simple moving average of $69.23 and a 200 day simple moving average of $72.42. 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 (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts predict that Global Payments Inc. will post 13.87 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup lowered their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Morgan Stanley started coverage on Global Payments in a report on Monday. They set an “equal weight” rating and a $65.00 price target on the stock. TD Cowen reaffirmed a “hold” rating and issued a $74.00 price objective (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Argus dropped their price objective on shares of Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. Finally, Raymond James Financial downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Five equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.87.

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.