United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $11.72 Million Investment in Global Payments Inc. $GPN

Key Points

• United Super Pty Ltd disclosed a new stake in Global Payments, buying 151,370 shares worth about $11.72 million in the fourth quarter and ending with roughly 0.06% ownership.
• Global Payments continues to draw mixed institutional and analyst sentiment: institutional investors own 89.76% of the stock, while analysts currently rate it a Hold on average with an average price target of $84.29.
• The company recently beat earnings and revenue estimates for the quarter, reporting EPS of $2.96 on revenue of $2.86 billion, and also announced a quarterly dividend of $0.25 per share payable June 26.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 151,370 shares of the business services provider's stock, valued at approximately $11,716,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of Global Payments at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Allstate Corp increased its position in shares of Global Payments by 74.2% during the fourth quarter. Allstate Corp now owns 15,510 shares of the business services provider's stock worth $1,200,000 after acquiring an additional 6,607 shares during the period. Clearstead Advisors LLC increased its holdings in shares of Global Payments by 29.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,875 shares of the business services provider's stock valued at $145,000 after acquiring an additional 428 shares during the period. Legal & General Group Plc increased its holdings in shares of Global Payments by 1.0% in the 4th quarter. Legal & General Group Plc now owns 1,658,880 shares of the business services provider's stock valued at $128,397,000 after acquiring an additional 16,912 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Global Payments by 87.5% in the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock valued at $37,000 after acquiring an additional 223 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Global Payments during the 4th quarter worth $1,695,000. Institutional investors own 89.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GPN shares. TD Cowen decreased their price objective on Global Payments from $91.00 to $86.00 and set a "hold" rating for the company in a research note on Tuesday, April 7th. Wells Fargo & Company upped their price objective on Global Payments from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. Argus cut their price target on shares of Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. BNP Paribas Exane lowered their price objective on Global Payments from $64.00 to $60.00 and set an "underperform" rating for the company in a research report on Friday, April 10th. Finally, Zacks Research cut Global Payments from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $84.29.

Global Payments Price Performance

Shares of GPN opened at $73.99 on Friday. The business's 50-day moving average is $69.05 and its two-hundred day moving average is $73.52. The company has a market capitalization of $20.24 billion, a P/E ratio of -36.27, a P/E/G ratio of 0.41 and a beta of 0.75. Global Payments Inc. has a fifty-two week low of $62.45 and a fifty-two week high of $90.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.82 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company's revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts predict that Global Payments Inc. will post 13.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.25 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Global Payments's dividend payout ratio is -49.02%.

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.

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