Koss Olinger Consulting LLC lessened its stake in Global Payments Inc. (NYSE:GPN – Free Report) by 53.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,436 shares of the business services provider’s stock after selling 9,875 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Global Payments were worth $653,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SouthState Bank Corp purchased a new position in shares of Global Payments in the 3rd quarter valued at about $28,000. REAP Financial Group LLC purchased a new position in shares of Global Payments in the 3rd quarter valued at about $28,000. True Wealth Design LLC boosted its stake in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares during the period. Torren Management LLC purchased a new position in shares of Global Payments in the 4th quarter valued at about $34,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on GPN. BMO Capital Markets began coverage on Global Payments in a research report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 target price on the stock. Citigroup cut 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. Deutsche Bank Aktiengesellschaft cut their target price on Global Payments from $80.00 to $75.00 in a research report on Monday, May 11th. The Goldman Sachs Group began coverage on Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 target price on the stock. Finally, Truist Financial cut their target price on Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.29.
Global Payments Trading Up 2.1%
GPN opened at $75.51 on Friday. The firm has a market cap of $20.65 billion, a price-to-earnings ratio of -37.01, a price-to-earnings-growth ratio of 0.42 and a beta of 0.75. Global Payments Inc. has a 52 week low of $62.45 and a 52 week high of $90.64. The business’s 50 day moving average is $69.17 and its two-hundred day moving average is $73.54. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.
Global Payments (NYSE:GPN – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s revenue was up 63.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts predict that Global Payments Inc. will post 13.89 EPS for the current year.
Global Payments Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s 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.
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