Rakuten Investment Management Inc. Buys New Holdings in Global Payments Inc. $GPN

Rakuten Investment Management Inc. purchased a new position in Global Payments Inc. (NYSE:GPN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,113 shares of the business services provider’s stock, valued at approximately $2,711,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gtcr LLC purchased a new stake in shares of Global Payments in the 1st quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC purchased a new position in Global Payments in the second quarter valued at $848,344,000. Norges Bank purchased a new position in Global Payments in the fourth quarter valued at $276,014,000. Deutsche Bank AG acquired a new stake in Global Payments in the second quarter valued at $138,781,000. Finally, Legal & General Group Plc acquired a new stake in Global Payments in the second quarter valued at $120,036,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GPN shares. The Goldman Sachs Group upped their price objective on Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised their target price on Global Payments from $96.00 to $102.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 19th. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Jefferies Financial Group upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $103.00 target price on shares of Global Payments in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.36.

Global Payments Price Performance

Shares of NYSE:GPN opened at $91.86 on Monday. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.88. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of -30.83, a PEG ratio of 0.53 and a beta of 0.74. The company has a 50-day simple moving average of $82.35 and a 200-day simple moving average of $74.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the company posted $3.10 earnings per share. The business’s revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, analysts predict that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

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

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.