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

Key Points

• UBS Asset Management increased its Global Payments stake by 4.1% in the second quarter, holding 1.50 million shares worth approximately $108.5 million. Institutional investors and hedge funds collectively own 89.76% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $92.52; nine analysts rate the stock Buy, 16 Hold, and three Sell.
• Global Payments reported quarterly EPS of $3.46, slightly beating estimates, while revenue rose 68.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $0.25 per share, representing a 1.1% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Global Payments Inc. (NYSE:GPN - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,495,339 shares of the business services provider's stock after buying an additional 58,960 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.57% of Global Payments worth $108,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Gtcr LLC bought a new position in Global Payments in the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC bought a new stake in Global Payments during the second quarter worth $848,344,000. Norges Bank bought a new stake in Global Payments during the fourth quarter worth $276,014,000. Deutsche Bank AG acquired a new stake in shares of Global Payments in the 2nd quarter valued at $138,781,000. Finally, Legal & General Group Plc acquired a new stake in shares of Global Payments in the 2nd quarter valued at $120,036,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPN has been the subject of several recent analyst reports. Citigroup restated a "buy" rating on shares of Global Payments in a research report on Thursday, August 6th. Wall Street Zen downgraded Global Payments from a "buy" rating to a "hold" rating in a research note on Saturday, May 30th. Jefferies Financial Group raised shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, August 6th. HC Wainwright assumed coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a "buy" rating on the stock. Finally, Rothschild & Co Redburn decreased their price target on shares of Global Payments from $70.00 to $60.00 and set a "sell" rating on the stock in a report on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $92.52.

Global Payments Price Performance

Shares of GPN opened at $90.11 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock has a market cap of $23.84 billion, a PE ratio of -30.24, a PEG 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 business has a 50-day simple moving average of $83.39 and a two-hundred day simple moving average of $74.91.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the firm posted $3.10 earnings per share. The business's revenue for the quarter was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts anticipate that Global Payments Inc. will post 13.65 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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 issued a dividend of $0.25 per share. 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%.

About Global Payments

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.

Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPN - Free Report).

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