Forsta AP Fonden Cuts Stake in Global Payments Inc. $GPN

Forsta AP Fonden trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN) by 63.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,800 shares of the business services provider’s stock after selling 70,500 shares during the quarter. Forsta AP Fonden’s holdings in Global Payments were worth $3,158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Global Payments during the fourth quarter worth about $276,014,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Global Payments during the fourth quarter worth about $844,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Global Payments during the fourth quarter worth about $11,716,000. Allstate Corp increased its position in shares of Global Payments by 74.2% during the fourth quarter. Allstate Corp now owns 15,510 shares of the business services provider’s stock worth $1,200,000 after acquiring an additional 6,607 shares during the last quarter. Finally, Clearstead Advisors LLC increased its position in shares of Global Payments by 29.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,875 shares of the business services provider’s stock worth $145,000 after acquiring an additional 428 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Stock Performance

Shares of GPN stock opened at $74.09 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $69.31 and a two-hundred day moving average of $73.51. Global Payments Inc. has a 52 week low of $62.45 and a 52 week high of $90.64. The company has a market cap of $20.27 billion, a P/E ratio of -36.32, a PEG ratio of 0.42 and a beta of 0.76.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. Global Payments’s quarterly revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, analysts anticipate that Global Payments Inc. will post 13.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 12th. Global Payments’s payout ratio is presently -49.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GPN. Raymond James Financial lowered Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Rothschild & Co Redburn dropped their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Citigroup dropped their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Stephens set a $80.00 target price on Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets began coverage on Global Payments in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target for the company. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $84.29.

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.