Mitsubishi UFJ Asset Management Co. Ltd. Makes New $41.94 Million Investment in Global Payments Inc. $GPN

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, Holdings Channel reports. The firm bought 578,010 shares of the business services provider’s stock, valued at approximately $41,940,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strive Financial Group LLC acquired a new position in Global Payments during the 4th quarter worth about $25,000. DV Equities LLC bought a new position in shares of Global Payments in the fourth quarter worth about $26,000. Torren Management LLC bought a new position in shares of Global Payments in the fourth quarter worth about $34,000. Western Wealth Management LLC acquired a new position in shares of Global Payments during the first quarter worth approximately $34,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Global Payments during the third quarter worth approximately $35,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Price Performance

GPN opened at $91.72 on Thursday. The stock has a market cap of $24.27 billion, a P/E ratio of -30.78, a P/E/G ratio of 0.52 and a beta of 0.74. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.58. 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 company has a fifty day simple moving average of $78.72 and a 200 day simple moving average of $73.58.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company posted $3.10 earnings per share. The company’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. On average, research analysts expect that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid 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 dividend payout ratio is presently -33.56%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GPN. Wells Fargo & Company lowered their price target on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. HC Wainwright assumed coverage on Global Payments in a research report on Thursday, August 6th. They issued a “buy” rating on the stock. Susquehanna set a $111.00 target price on Global Payments and gave the company a “positive” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald dropped their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.92.

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.