Blue Trust Inc. Sells 65,436 Shares of Global Payments Inc. $GPN

by · The Markets Daily

Blue Trust Inc. lessened its holdings in Global Payments Inc. (NYSE:GPN – Free Report) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 315,704 shares of the business services provider’s stock after selling 65,436 shares during the quarter. Blue Trust Inc.’s holdings in Global Payments were worth $21,247,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GPN. Traynor Capital Management Inc. boosted its stake in Global Payments by 3.5% in the fourth quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after buying an additional 141 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Global Payments by 1.6% during the 4th 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 in the last quarter. Allworth Financial LP boosted its position in Global Payments by 43.2% in the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock valued at $51,000 after buying an additional 184 shares in the last quarter. Van ECK Associates Corp boosted its position in Global Payments by 0.6% in the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after buying an additional 187 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its stake 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 buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the subject of several research analyst reports. Mizuho lowered their price target on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. TD Cowen reaffirmed a “hold” rating and set a $74.00 price target (down from $86.00) on shares of Global Payments in a research report on Thursday, June 11th. BMO Capital Markets began coverage on Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 target price for the company. Susquehanna set a $111.00 price objective on Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Finally, Argus decreased their target price on shares of Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Global Payments has an average rating of “Hold” and an average target price of $83.87.

Check Out Our Latest Analysis on GPN

Global Payments Price Performance

Global Payments stock opened at $67.14 on Thursday. The firm has a market capitalization of $18.36 billion, a P/E ratio of -32.91, a PEG ratio of 0.36 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 company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day moving average price of $69.24 and a 200-day moving average price of $72.50.

Global Payments (NYSE:GPN – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities research analysts forecast that Global Payments Inc. will post 13.87 EPS for the current year.

Global Payments Announces Dividend

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

About Global Payments

(Free Report)

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.

See Also

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