Meiji Yasuda Asset Management Co Ltd. Buys Shares of 22,996 Global Payments Inc. $GPN

Meiji Yasuda Asset Management Co Ltd. purchased a new position in Global Payments Inc. (NYSE:GPN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,996 shares of the business services provider’s stock, valued at approximately $1,669,000.

Several other large investors also recently made changes to their positions in GPN. Strive Financial Group LLC bought a new position in shares of Global Payments in the 4th quarter valued at approximately $25,000. DV Equities LLC bought a new stake in Global Payments during the fourth quarter worth approximately $26,000. Torren Management LLC bought a new stake in Global Payments during the fourth quarter worth approximately $34,000. Western Wealth Management LLC acquired a new position in Global Payments during the first quarter valued at approximately $34,000. Finally, Johnson Financial Group Inc. acquired a new position in Global Payments during the third quarter valued at approximately $35,000. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

GPN has been the subject of a number of analyst reports. Zacks Research cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. The Goldman Sachs Group lifted their target price on shares of Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Stephens set a $80.00 target price on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Rothschild & Co Redburn decreased their price target 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. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.92.

Global Payments Stock Up 0.9%

Shares of GPN stock opened at $94.33 on Tuesday. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88. 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 cap of $24.96 billion, a PE ratio of -31.65, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The stock has a 50 day moving average of $80.31 and a 200-day moving average of $74.06.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company posted $3.10 earnings per share. Global Payments’s quarterly 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. On average, equities analysts predict that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The business 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 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments’s dividend payout ratio (DPR) is currently -33.56%.

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.