BIP Wealth LLC Cuts Position in Global Payments Inc. $GPN

BIP Wealth LLC decreased its holdings in Global Payments Inc. (NYSE:GPN) by 59.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,304 shares of the business services provider’s stock after selling 16,760 shares during the quarter. BIP Wealth LLC’s holdings in Global Payments were worth $761,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in Global Payments during the fourth quarter worth $725,000. Caxton Associates LLP acquired a new stake in shares of Global Payments in the first quarter valued at about $243,000. Intech Investment Management LLC increased its stake in shares of Global Payments by 43.5% during the first 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 in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Global Payments by 7.3% during the second 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 in the last quarter. Finally, AXA S.A. increased its stake in shares of Global Payments by 236.6% during the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock worth $2,291,000 after purchasing an additional 20,119 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Mizuho decreased their price target on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. The Goldman Sachs Group began coverage on Global Payments in a research note on Monday, March 9th. They set a “hold” rating and a $88.00 price objective for the company. Truist Financial reduced their target price on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. TD Cowen restated a “hold” rating and issued a $74.00 target price (down from $86.00) on shares of Global Payments in a research report on Thursday, June 11th. Finally, BNP Paribas Exane lowered their price target on Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. Five analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.87.

Global Payments Stock Performance

NYSE:GPN opened at $78.56 on Friday. The company has a market cap of $21.49 billion, a P/E ratio of -38.51, a P/E/G ratio of 0.44 and a beta of 0.76. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64. The company’s 50-day moving average price is $69.56 and its 200-day moving average price is $72.24. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) 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 negative net margin of 7.99% and a positive return on equity of 13.11%. Global Payments’s revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts forecast that Global Payments Inc. will post 13.86 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is -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.