National Pension Service Boosts Stock Holdings in Global Payments Inc. $GPN

Key Points

• National Pension Service increased its Global Payments stake by 3.7% in the second quarter, bringing its holdings to 397,130 shares valued at approximately $28.8 million. Institutional investors collectively own 89.76% of the company.
• Analysts maintain a generally cautious outlook, with a consensus rating of “Hold” and an average price target of $92.85. Ratings include nine Buys, 17 Holds, and three Sells.
• Global Payments reported quarterly revenue of $3.16 billion, up 68.6% year over year, and earnings of $3.46 per share, slightly exceeding estimates. The company also declared a quarterly dividend of $0.25 per share, representing a 1.1% annualized yield.

National Pension Service lifted its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 397,130 shares of the business services provider's stock after purchasing an additional 14,235 shares during the period. National Pension Service owned about 0.15% of Global Payments worth $28,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in Global Payments during the fourth quarter worth $725,000. Caxton Associates LLP purchased a new position in shares of Global Payments in the 1st quarter valued at $243,000. Intech Investment Management LLC raised its position in shares of Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider's stock worth $1,416,000 after acquiring an additional 4,386 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Global Payments by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider's stock worth $3,327,000 after purchasing an additional 2,840 shares during the last quarter. Finally, AXA S.A. lifted its stake in shares of Global Payments by 236.6% during the 2nd quarter. AXA S.A. now owns 28,622 shares of the business services provider's stock worth $2,291,000 after purchasing an additional 20,119 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Truist Financial lifted their target price on Global Payments from $79.00 to $95.00 and gave the company a "hold" rating in a research note on Tuesday, August 25th. Robert W. Baird set a $120.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Royal Bank Of Canada restated a "sector perform" rating and issued a $106.00 price target (up from $102.00) on shares of Global Payments in a report on Monday, August 31st. Citigroup reaffirmed a "buy" rating on shares of Global Payments in a research report on Thursday, August 6th. Finally, UBS Group assumed coverage on shares of Global Payments in a research note on Thursday, August 6th. They set a "buy" rating for the company. Nine analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Global Payments has an average rating of "Hold" and a consensus price target of $92.85.

Global Payments Stock Down 0.1%

Shares of GPN stock opened at $88.46 on Friday. The stock's fifty day moving average price is $86.24 and its 200 day moving average price is $75.81. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $95.88. The company has a market cap of $23.41 billion, a price-to-earnings ratio of -29.68, a price-to-earnings-growth ratio of 0.48 and a beta of 0.78. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share 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. During the same quarter last year, the company earned $3.10 earnings per share. The company's quarterly 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, research analysts expect that Global Payments Inc. will post 13.63 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid 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 -33.56%.

Global Payments Profile

Global Payments Inc NYSE: GPN is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.

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