Bank of New York Mellon Corp Lowers Stock Holdings in Global Payments Inc. $GPN

Bank of New York Mellon Corp lessened its stake in Global Payments Inc. (NYSE:GPN) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,411,911 shares of the business services provider’s stock after selling 173,473 shares during the period. Bank of New York Mellon Corp’s holdings in Global Payments were worth $95,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Traynor Capital Management Inc. lifted its position in Global Payments by 3.5% during the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock worth $327,000 after acquiring an additional 141 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Global Payments by 1.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after purchasing an additional 163 shares during the last quarter. Allworth Financial LP raised its stake in shares of Global Payments by 43.2% during the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after purchasing an additional 184 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after purchasing an additional 187 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of Global Payments by 1.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after purchasing an additional 200 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GPN shares. Keefe, Bruyette & Woods lowered their price objective 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. 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 note on Thursday, June 11th. Mizuho lowered their target price on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. UBS Group reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Global Payments in a report on Thursday, May 7th. Finally, Truist Financial dropped their price target on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $83.33.

Global Payments Price Performance

Global Payments stock opened at $82.56 on Tuesday. The company has a market cap of $22.58 billion, a P/E ratio of -40.47, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76. Global Payments Inc. has a one year low of $61.16 and a one year high of $90.64. The business has a fifty day moving average of $71.33 and a two-hundred day moving average of $71.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s 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 predict that Global Payments Inc. will post 13.84 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Global Payments’s payout ratio is -49.02%.

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.