Legal & General Group Plc Invests $120.04 Million in Global Payments Inc. $GPN

Key Points

• Legal & General Group Plc acquired 1.65 million shares of Global Payments in the second quarter, valued at approximately $120.04 million and representing about 0.63% of the company. Institutional investors collectively own 89.76% of GPN.
• Global Payments reported quarterly EPS of $3.46, slightly above analyst expectations, on $3.16 billion in revenue, up 68.6% year over year. The company maintained fiscal 2026 EPS guidance of $13.60–$13.80.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $92.36, while recent firms issued upgrades and raised targets. The company also declared a quarterly dividend of $0.25 per share, yielding approximately 1.1% annually.

Legal & General Group Plc purchased a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,654,302 shares of the business services provider's stock, valued at approximately $120,036,000. Legal & General Group Plc owned approximately 0.63% of Global Payments as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new position in shares of Global Payments during the 4th quarter worth approximately $25,000. DV Equities LLC purchased a new stake in shares of Global Payments in the fourth quarter valued at approximately $26,000. Torren Management LLC acquired a new position in Global Payments during the fourth quarter worth $34,000. Western Wealth Management LLC purchased a new position in Global Payments in the first quarter worth $34,000. Finally, Johnson Financial Group Inc. purchased a new position in Global Payments in the third quarter worth $35,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Trading Down 0.4%

Shares of GPN stock opened at $92.62 on Friday. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The stock has a market cap of $24.51 billion, a P/E ratio of -31.08, a P/E/G ratio of 0.54 and a beta of 0.74. The business has a fifty day simple moving average of $81.86 and a 200-day simple moving average of $74.52. 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 results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. The business's revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, analysts forecast that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.25 per share. 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 payout ratio is presently -33.56%.

Analyst Ratings Changes

GPN has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, August 6th. The Goldman Sachs Group raised their price objective on shares of Global Payments from $82.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on shares of Global Payments from $96.00 to $102.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 19th. UBS Group began coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a "buy" rating on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of Global Payments from $76.00 to $95.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. Nine 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 company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $92.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source