Ameritas Investment Partners Inc. Has $184,000 Position in Global Payments Inc. $GPN

Key Points

• Ameritas Investment Partners reduced its stake in Global Payments by 99.9% in Q3, selling 2,250,213 shares and leaving just 2,211 shares valued at $184,000, while several other institutional investors increased or initiated positions and total institutional ownership is about 89.8%.
• Global Payments slightly beat quarterly EPS expectations ($3.18 vs. $3.16), set FY2026 guidance of 13.80–14.00 EPS, has a $21.7B market cap and pays a $0.25 quarterly dividend (≈1.3% yield), and analysts have an average "Hold" consensus with a ~$91.52 price target.

Ameritas Investment Partners Inc. decreased its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 99.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,211 shares of the business services provider's stock after selling 2,250,213 shares during the quarter. Ameritas Investment Partners Inc.'s holdings in Global Payments were worth $184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GPN. Independent Advisor Alliance raised its holdings in Global Payments by 260.5% in the 3rd quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider's stock valued at $2,446,000 after acquiring an additional 21,278 shares during the period. BIP Wealth LLC boosted its holdings in shares of Global Payments by 151.6% during the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider's stock worth $2,501,000 after acquiring an additional 18,138 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Global Payments in the third quarter valued at approximately $905,000. HB Wealth Management LLC increased its stake in shares of Global Payments by 213.9% during the third quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider's stock worth $3,062,000 after purchasing an additional 25,118 shares during the period. Finally, Saiph Capital LLC bought a new position in shares of Global Payments during the second quarter worth approximately $7,269,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Price Performance

Shares of GPN stock opened at $77.51 on Thursday. The business has a fifty day simple moving average of $75.46 and a 200 day simple moving average of $80.11. The company has a market cap of $21.70 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.43 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $101.32.

Global Payments (NYSE:GPN - Get Free Report) last released its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Global Payments's payout ratio is currently 17.27%.

Insider Activity at Global Payments

In other news, EVP David M. Sheffield sold 2,016 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the completion of the sale, the executive vice president directly owned 14,438 shares in the company, valued at $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of the stock in a transaction on Thursday, December 11th. The shares were acquired at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the acquisition, the director owned 59,303 shares of the company's stock, valued at approximately $4,828,450.26. The trade was a 21.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.01% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on GPN shares. Rothschild & Co Redburn boosted their price target on Global Payments from $65.00 to $70.00 and gave the company a "sell" rating in a research note on Wednesday, December 3rd. Truist Financial set a $85.00 target price on Global Payments in a report on Tuesday, January 20th. Evercore reduced their target price on shares of Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $88.00 price target (up from $80.00) on shares of Global Payments in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Global Payments from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $91.52.

Global Payments Company 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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