Bank of New York Mellon Corp Acquires New Holdings in Global Payments Inc. $GPN

Bank of New York Mellon Corp acquired a new stake in Global Payments Inc. (NYSE:GPN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,374,069 shares of the business services provider's stock, valued at approximately $99,702,000. Bank of New York Mellon Corp owned approximately 0.50% of Global Payments at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gtcr LLC bought a new stake in Global Payments during the first quarter worth approximately $2,911,939,000. Pzena Investment Management LLC increased its holdings in shares of Global Payments by 1.8% in the first quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider's stock valued at $781,728,000 after buying an additional 205,880 shares in the last quarter. Glenview Capital Management LLC lifted its position in shares of Global Payments by 13.8% during the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider's stock valued at $345,524,000 after acquiring an additional 523,209 shares during the last quarter. Norges Bank acquired a new stake in shares of Global Payments during the 4th quarter valued at $276,014,000. Finally, Northern Trust Corp boosted its stake in shares of Global Payments by 1.7% during the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider's stock worth $207,117,000 after acquiring an additional 45,857 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments Stock Performance

Shares of GPN opened at $94.33 on Tuesday. The company's fifty day moving average is $80.31 and its 200-day moving average is $74.06. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of -31.65, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. 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 - Get Free Report) last released its quarterly earnings data 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 business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. Global Payments's quarterly revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.10 EPS. 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 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Global Payments's dividend payout ratio is currently -33.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group assumed coverage on Global Payments in a report on Thursday, August 6th. They set a "buy" rating for the company. Citigroup restated a "buy" rating on shares of Global Payments in a report on Thursday, August 6th. Truist Financial upped their price objective on shares of Global Payments from $76.00 to $79.00 and gave the company a "hold" rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Global Payments from $75.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, June 9th. Finally, HC Wainwright assumed coverage on shares of Global Payments in a research report on Thursday, August 6th. They issued a "buy" rating on the stock. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $90.92.

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.

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