Mitsubishi UFJ Asset Management Co. Ltd. Acquires 33,807 Shares of Global Payments Inc. $GPN

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Global Payments Inc. (NYSE:GPN) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 499,178 shares of the business services provider’s stock after acquiring an additional 33,807 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Global Payments worth $41,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Independent Advisor Alliance grew its stake in shares of Global Payments by 260.5% during the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 21,278 shares during the period. BIP Wealth LLC boosted its holdings in 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 buying an additional 18,138 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Global Payments during the third quarter worth about $905,000. HB Wealth Management LLC grew its position in shares of Global Payments by 213.9% during the 3rd quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock worth $3,062,000 after buying an additional 25,118 shares during the period. Finally, Saiph Capital LLC bought a new stake in shares of Global Payments in the 2nd quarter valued at about $7,269,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stephens reduced their price target on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, January 16th. Evercore lowered their price target on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $97.00 price objective (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. BNP Paribas Exane raised their target price on shares of Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a report on Thursday, February 19th. Finally, Zacks Research raised shares of Global Payments to a “hold” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.52.

Insiders Place Their Bets

In other news, insider David Lawrence Green sold 11,600 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total value of $927,884.00. Following the completion of the transaction, the insider owned 68,096 shares in the company, valued at $5,446,999.04. This trade represents a 14.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the acquisition, the director directly owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This represents a 21.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.01% of the company’s stock.

Global Payments Stock Down 2.0%

Shares of Global Payments stock opened at $76.30 on Friday. The firm has a market cap of $21.36 billion, a PE ratio of 13.18, a P/E/G ratio of 0.42 and a beta of 0.76. The business’s 50 day simple moving average is $75.66 and its 200 day simple moving average is $80.30. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.85 and a current ratio of 1.69. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $106.07.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business earned $2.85 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 9th. Global Payments’s payout ratio is presently 17.27%.

About Global Payments

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.