Massachusetts Financial Services Co. MA Sells 84,650 Shares of Global Payments Inc. $GPN

Massachusetts Financial Services Co. MA trimmed its position in Global Payments Inc. (NYSE:GPN) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,962,974 shares of the business services provider’s stock after selling 84,650 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Global Payments were worth $151,934,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GPN. Brighton Jones LLC bought a new position in Global Payments in the fourth quarter valued at approximately $725,000. Caxton Associates LLP bought a new position in Global Payments in the first quarter valued at approximately $243,000. Intech Investment Management LLC boosted its position in Global Payments by 43.5% in the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 4,386 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Global Payments by 7.3% in the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock valued at $3,327,000 after buying an additional 2,840 shares in the last quarter. Finally, AXA S.A. boosted its position in Global Payments by 236.6% in the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after buying an additional 20,119 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on GPN. TD Cowen cut their target price on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Citigroup cut their target price on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada cut their target price on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th. Zacks Research upgraded shares of Global Payments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Finally, Truist Financial set a $85.00 target price on shares of Global Payments in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $88.05.

Global Payments Price Performance

Shares of NYSE:GPN opened at $65.40 on Monday. The firm has a market cap of $18.00 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.36 and a beta of 0.76. The firm’s fifty day moving average is $71.52 and its 200-day moving average is $76.65. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. Global Payments Inc. has a 52 week low of $62.45 and a 52 week high of $90.64.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm earned $2.85 earnings per share. Global Payments’s quarterly revenue was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is currently 17.27%.

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.