Global Payments Inc. $GPN Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its position in Global Payments Inc. (NYSE:GPN) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,452 shares of the business services provider’s stock after purchasing an additional 4,050 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Global Payments were worth $6,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in shares of Global Payments by 32.6% during the second quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock valued at $884,462,000 after buying an additional 2,716,156 shares during the last quarter. Amundi increased its position in Global Payments by 77.5% in the 1st quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock valued at $186,107,000 after acquiring an additional 874,175 shares during the period. Dimensional Fund Advisors LP increased its position in Global Payments by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,955,393 shares of the business services provider’s stock valued at $191,451,000 after acquiring an additional 49,029 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Global Payments by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,624,288 shares of the business services provider’s stock valued at $159,050,000 after acquiring an additional 9,755 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Global Payments by 6.1% during the 1st quarter. AQR Capital Management LLC now owns 1,458,570 shares of the business services provider’s stock worth $140,402,000 after acquiring an additional 84,285 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

GPN has been the topic of several research analyst reports. B. Riley reiterated a “buy” rating on shares of Global Payments in a research report on Wednesday, July 16th. Citigroup upgraded shares of Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. Wells Fargo & Company upgraded shares of Global Payments to a “strong-buy” rating in a report on Wednesday, October 22nd. TD Cowen increased their target price on shares of Global Payments from $92.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Finally, Evercore ISI raised their target price on shares of Global Payments from $85.00 to $90.00 and gave the stock an “in-line” rating in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.10.

Global Payments Trading Down 0.5%

NYSE GPN opened at $75.96 on Monday. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.76 and a beta of 0.95. The firm’s 50 day moving average price is $84.93 and its two-hundred day moving average price is $81.95.

Global Payments (NYSE:GPN) last issued its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, topping the consensus estimate of $3.23 by $0.03. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the firm posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Global Payments’s dividend payout ratio (DPR) is currently 14.04%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.