Lyrical Asset Management LP trimmed its stake in Global Payments Inc. (NYSE:GPN – Free Report) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,816,760 shares of the business services provider’s stock after selling 117,991 shares during the quarter. Global Payments comprises approximately 2.0% of Lyrical Asset Management LP’s investment portfolio, making the stock its 24th biggest position. Lyrical Asset Management LP’s holdings in Global Payments were worth $140,617,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in GPN. Brighton Jones LLC bought a new position in Global Payments in the 4th quarter valued at about $725,000. Caxton Associates LLP bought a new stake in shares of Global Payments in the first quarter valued at about $243,000. Intech Investment Management LLC boosted its position in shares of 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 acquiring an additional 4,386 shares during the period. Daiwa Securities Group Inc. raised its stake in Global Payments by 7.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after purchasing an additional 2,840 shares in the last quarter. Finally, AXA S.A. raised its position in shares of 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. Institutional investors and hedge funds own 89.76% of the company’s stock.
Analyst Ratings Changes
GPN has been the topic of several recent analyst reports. UBS Group reiterated a “neutral” rating and issued a $80.00 price target on shares of Global Payments in a research note on Thursday, May 7th. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings lowered shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Royal Bank Of Canada reduced their price objective on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 8th. Finally, Truist Financial decreased their target price on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.50.
Global Payments Price Performance
NYSE GPN opened at $66.35 on Monday. 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 $18.15 billion, a PE ratio of -32.53, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. 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 firm’s 50-day simple moving average is $69.21 and its two-hundred day simple moving average is $73.34.
Global Payments (NYSE:GPN – Get Free Report) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share 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 analyst estimates of $2.81 billion. During the same period in the prior year, the company earned $2.82 EPS. The company’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. Research analysts predict that Global Payments Inc. will post 13.89 earnings per share for the current year.
Global Payments Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is presently -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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