Korea Investment CORP Takes Position in Global Payments Inc. $GPN

Korea Investment CORP bought a new stake in Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,705 shares of the business services provider’s stock, valued at approximately $3,026,000.

A number of other institutional investors also recently bought and sold shares of the business. Gtcr LLC acquired a new stake in Global Payments during the 1st quarter worth $2,911,939,000. Pzena Investment Management LLC acquired a new position in Global Payments during the 2nd quarter worth approximately $848,344,000. Norges Bank acquired a new position in Global Payments during the fourth quarter worth $276,014,000. Deutsche Bank AG purchased a new position in shares of Global Payments in the 2nd quarter valued at about $138,781,000. Finally, Bank of New York Mellon Corp purchased a new position in Global Payments in the second quarter valued at about $99,702,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GPN. TD Cowen began coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a “buy” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Wolfe Research upgraded shares of Global Payments from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, August 6th. BMO Capital Markets restated a “market perform” rating and issued a $83.00 price target on shares of Global Payments in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $120.00 target price on Global Payments in a research report on Thursday, August 6th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.92.

Global Payments Stock Up 0.9%

Shares of GPN stock opened at $94.33 on Tuesday. 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 business’s fifty day moving average is $80.31 and its 200-day moving average is $74.06. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.88. The stock has a market cap of $24.96 billion, a PE ratio of -31.65, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.02. The company had revenue of $3.16 billion for 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%.The firm’s revenue was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts expect that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s payout ratio is presently -33.56%.

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.