Global Payments Inc. $GPN Position Decreased by Sterling Capital Management LLC

Key Points

• Sterling Capital Management cut its Global Payments stake by 88.9% in the third quarter, selling 54,189 shares and retaining 6,746 shares valued at approximately $551,000.
• Despite the reduction, institutional ownership remains high at 89.76%, with several major investors—including GTCR, Pzena Investment Management, and Deutsche Bank—establishing new positions.
• Global Payments exceeded quarterly earnings expectations slightly, reporting $3.46 in EPS on $3.16 billion in revenue; analysts’ consensus rating is “Hold,” with an average price target of $95.87 versus the reported $83.45 share price.

Sterling Capital Management LLC cut its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 88.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,746 shares of the business services provider's stock after selling 54,189 shares during the period. Sterling Capital Management LLC's holdings in Global Payments were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GPN. Gtcr LLC purchased a new position in Global Payments during the first quarter worth approximately $2,911,939,000. Pzena Investment Management LLC purchased a new stake in Global Payments in the 2nd quarter valued at $848,344,000. Deutsche Bank AG acquired a new stake in shares of Global Payments in the 2nd quarter worth $138,781,000. Legal & General Group Plc acquired a new stake in shares of Global Payments in the 2nd quarter worth $120,036,000. Finally, Davis Asset Management L.P. acquired a new stake in shares of Global Payments in the 2nd quarter worth $107,752,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Stock Performance

Shares of GPN stock opened at $83.45 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88. The stock has a market capitalization of $22.08 billion, a PE ratio of -28.01, a P/E/G ratio of 0.40 and a beta of 0.80. The firm has a 50 day moving average of $86.36 and a two-hundred day moving average of $76.87.

Global Payments (NYSE:GPN - Get Free Report) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. Global Payments's revenue for the quarter was up 68.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, research analysts predict that Global Payments Inc. will post 13.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Loop Capital began coverage on Global Payments in a report on Thursday, September 24th. They set a "buy" rating and a $137.00 price target on the stock. HC Wainwright started coverage on shares of Global Payments in a report on Thursday, August 6th. They issued a "buy" rating for the company. Oppenheimer upgraded shares of Global Payments from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a report on Thursday, October 8th. Citigroup reissued a "buy" rating on shares of Global Payments in a research note on Thursday, August 6th. Finally, Morgan Stanley restated an "overweight" rating and set a $103.00 price target on shares of Global Payments in a report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $95.87.

Global Payments Company Profile

Global Payments Inc NYSE: GPN is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.

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