Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Global Payments Inc. $GPN

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Global Payments Inc. (NYSE:GPN – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 578,010 shares of the business services provider’s stock, valued at approximately $41,940,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Global Payments at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Persistent Asset Partners Ltd bought a new stake in Global Payments in the 2nd quarter valued at $55,000. HBK Sorce Advisory LLC bought a new position in shares of Global Payments during the 2nd quarter worth about $656,000. Flputnam Investment Management Co. acquired a new position in shares of Global Payments during the second quarter valued at about $775,000. Global Retirement Partners LLC acquired a new position in shares of Global Payments during the second quarter valued at about $240,000. Finally, SCS Capital Management LLC bought a new stake in shares of Global Payments in the second quarter valued at about $228,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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Global Payments Stock Performance

Shares of NYSE:GPN opened at $91.72 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average price is $78.72 and its two-hundred day moving average price is $73.58. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.58. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of -30.78, a price-to-earnings-growth ratio of 0.52 and a beta of 0.74.

Global Payments (NYSE:GPN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (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 company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period last year, the business earned $3.10 earnings per share. The business’s 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. As a group, analysts predict that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given 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 payout ratio is -33.56%.

Analyst Upgrades and Downgrades

GPN has been the topic of several research reports. The Goldman Sachs Group boosted their price target on Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Stephens set a $80.00 price objective on Global Payments and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Jefferies Financial Group upgraded Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Truist Financial upped their target price on Global Payments from $76.00 to $79.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Finally, Barclays set a $89.00 target price on Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and an average target price of $90.92.

Read Our Latest Analysis on Global Payments

Global Payments Company Profile

(Free Report)

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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