Mirae Asset Global Investments Co. Ltd. bought a new position in Global Payments Inc. (NYSE:GPN – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 65,954 shares of the business services provider’s stock, valued at approximately $5,386,000.
A number of other large investors have also made changes to their positions in GPN. Gtcr LLC purchased a new stake in shares of Global Payments in the 1st quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC acquired a new position in Global Payments in the 2nd quarter worth approximately $848,344,000. Dimensional Fund Advisors LP boosted its stake in Global Payments by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider’s stock worth $142,478,000 after purchasing an additional 23,293 shares during the period. Deutsche Bank AG purchased a new position in Global Payments during the 2nd quarter worth approximately $138,781,000. Finally, Legal & General Group Plc purchased a new position in Global Payments during the 2nd quarter worth approximately $120,036,000. Institutional investors and hedge funds own 89.76% of the company’s stock.
Global Payments News Summary
Here are the key news stories impacting Global Payments this week:
- Positive Sentiment: Management reaffirmed its 2026 adjusted EPS outlook of $13.60–$13.80. The $13.70 midpoint is slightly above the cited FactSet estimate of $13.64. Read More.
- Positive Sentiment: Q3 growth drivers included increased Genius adoption and higher enterprise volumes, while margins improved and the Worldpay integration progressed. These trends support the company’s growth story. Read More.
- Neutral Sentiment: Global Payments posted adjusted EPS of $3.58, roughly in line with estimates, and revenue of $3.18 billion, also in line. Revenue was up 36.1% year over year, and EPS rose from $3.26 a year earlier. Read More.
- Neutral Sentiment: The company reportedly dismissed speculation that it would go private. With no announced transaction, buyout rumors do not provide a confirmed catalyst for the shares. Read More.
Global Payments Trading Down 0.8%
Global Payments stock opened at $95.37 on Friday. The company’s fifty day simple moving average is $86.62 and its 200-day simple moving average is $77.41. 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 Inc. has a 12 month low of $61.16 and a 12 month high of $101.32. The stock has a market cap of $25.24 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.47 and a beta of 0.83.
Global Payments (NYSE:GPN – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The business services provider reported $3.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.58. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the business posted $3.26 earnings per share. Global Payments’s revenue for the quarter was up 36.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Global Payments Inc. will post 13.64 EPS for the current fiscal year.
Global Payments Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Thursday, December 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. Global Payments’s payout ratio is -33.56%.
Analyst Ratings Changes
GPN has been the topic of several recent analyst reports. Robert W. Baird set a $120.00 target price on shares of Global Payments in a research note on Thursday, August 6th. William Blair reaffirmed a “market perform” rating on shares of Global Payments in a research report on Friday, October 30th. The Goldman Sachs Group raised their target price on Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Barclays set a $89.00 price target on Global Payments and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, Truist Financial dropped their price target on Global Payments from $95.00 to $86.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.55.
Check Out Our Latest Report on GPN
Global Payments Company Profile
Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.
The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.
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