Global Payments Inc. $GPN Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Global Payments stake by 86.1% in the second quarter, selling 173,246 shares and retaining 27,989 shares worth approximately $2.03 million. Institutional investors and hedge funds collectively own 89.76% of the company.
• Global Payments reported quarterly earnings of $3.46 per share, slightly exceeding estimates, while revenue reached $3.16 billion, up 68.6% year over year. Management provided fiscal 2026 EPS guidance of $13.60 to $13.80.
• The company declared a quarterly dividend of $0.25 per share, equivalent to a 1.1% annualized yield. Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $90.68, below the stock’s reported $94.59 opening price.

Assenagon Asset Management S.A. lessened its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 86.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,989 shares of the business services provider's stock after selling 173,246 shares during the period. Assenagon Asset Management S.A.'s holdings in Global Payments were worth $2,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Red Spruce Capital LLC grew its stake in Global Payments by 1.2% in the 2nd quarter. Red Spruce Capital LLC now owns 23,075 shares of the business services provider's stock valued at $1,674,000 after acquiring an additional 283 shares during the period. Trust Asset Management LLC acquired a new stake in shares of Global Payments in the second quarter valued at about $195,000. Moody National Bank Trust Division grew its position in shares of Global Payments by 24.3% in the second quarter. Moody National Bank Trust Division now owns 4,060 shares of the business services provider's stock valued at $295,000 after purchasing an additional 793 shares during the period. Versant Capital Management Inc increased its stake in shares of Global Payments by 214.1% during the second quarter. Versant Capital Management Inc now owns 1,910 shares of the business services provider's stock worth $139,000 after purchasing an additional 1,302 shares in the last quarter. Finally, CX Institutional increased its stake in shares of Global Payments by 185.9% during the second quarter. CX Institutional now owns 3,102 shares of the business services provider's stock worth $225,000 after purchasing an additional 2,017 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Price Performance

NYSE:GPN opened at $94.59 on Friday. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.58. The stock has a market cap of $25.03 billion, a PE ratio of -31.74, a P/E/G ratio of 0.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $76.55 and a 200 day moving average price of $73.06.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm's revenue for the quarter was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts expect that Global Payments Inc. will post 13.67 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments's payout ratio is -33.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on GPN. Barclays set a $89.00 price target on shares of Global Payments and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Morgan Stanley reissued an "overweight" rating and set a $103.00 target price on shares of Global Payments in a report on Thursday, August 6th. The Goldman Sachs Group raised their target price on Global Payments from $82.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Rothschild & Co Redburn reduced their price objective on Global Payments from $70.00 to $60.00 and set a "sell" rating for the company in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company decreased their price objective on Global Payments from $105.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.68.

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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