Saudi Central Bank Buys 7,593 Shares of Global Payments Inc. $GPN

Saudi Central Bank raised its position in shares of Global Payments Inc. (NYSE:GPN) by 86.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,377 shares of the business services provider’s stock after acquiring an additional 7,593 shares during the period. Saudi Central Bank’s holdings in Global Payments were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GPN. Westpac Banking Corp boosted its position in shares of Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares in the last quarter. Gtcr LLC purchased a new position in Global Payments during the first quarter valued at $2,911,939,000. LSV Asset Management boosted its holdings in Global Payments by 30.8% in the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after acquiring an additional 105,500 shares in the last quarter. Gradient Investments LLC boosted its holdings in Global Payments by 156.9% in the second quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock worth $3,306,000 after acquiring an additional 27,828 shares in the last quarter. Finally, Pzena Investment Management LLC increased its holdings in shares of Global Payments by 4.6% during the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after acquiring an additional 500,887 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

NYSE GPN opened at $89.54 on Wednesday. The company has a 50-day moving average price of $85.60 and a 200-day moving average price of $75.63. 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 firm has a market capitalization of $23.69 billion, a P/E ratio of -30.05, a PEG ratio of 0.50 and a beta of 0.78. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts anticipate that Global Payments Inc. will post 13.64 earnings per share for the current year.

Global Payments Announces Dividend

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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments’s dividend payout ratio is presently -33.56%.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price target on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Rothschild & Co Redburn decreased their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Argus set a $110.00 price objective on Global Payments and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $83.00 target price on shares of Global Payments in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average target price of $92.52.

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.