UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $108.50 Million Stock Holdings in Global Payments Inc. $GPN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Global Payments Inc. (NYSE:GPN) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,495,339 shares of the business services provider’s stock after acquiring an additional 58,960 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Global Payments were worth $108,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. New Mexico Educational Retirement Board boosted its holdings in Global Payments by 5.3% in the second quarter. New Mexico Educational Retirement Board now owns 11,848 shares of the business services provider’s stock valued at $860,000 after acquiring an additional 600 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Global Payments by 0.3% in the 2nd quarter. Royal London Asset Management Ltd. now owns 124,016 shares of the business services provider’s stock worth $8,999,000 after purchasing an additional 344 shares during the period. Mufg Securities Americas Inc. boosted its stake in shares of Global Payments by 6.3% in the 2nd quarter. Mufg Securities Americas Inc. now owns 7,003 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 418 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Global Payments by 35.6% in the 2nd quarter. Van ECK Associates Corp now owns 43,337 shares of the business services provider’s stock valued at $3,145,000 after purchasing an additional 11,381 shares during the last quarter. Finally, Nissay Asset Management Corp Japan increased its position in shares of Global Payments by 1.8% during the second quarter. Nissay Asset Management Corp Japan now owns 31,950 shares of the business services provider’s stock worth $2,318,000 after buying an additional 569 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GPN. Stephens set a $80.00 target price on shares of Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th. Rothschild & Co Redburn decreased their price target on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Argus set a $110.00 price objective on Global Payments and gave the stock a “buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods upped their target price on Global Payments from $76.00 to $95.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.52.

Global Payments Stock Down 1.0%

Shares of NYSE GPN opened at $90.11 on Wednesday. The firm has a market cap of $23.84 billion, a PE ratio of -30.24, a P/E/G ratio of 0.49 and a beta of 0.74. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $95.88. The company’s fifty day simple moving average is $83.39 and its 200 day simple moving average is $74.91. 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 (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm posted $3.10 earnings per share. The business’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, sell-side analysts forecast that Global Payments Inc. will post 13.65 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a 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 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.