Public Employees Retirement System of Ohio Purchases Shares of 71,310 Global Payments Inc. $GPN

Public Employees Retirement System of Ohio purchased a new stake in Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 71,310 shares of the business services provider’s stock, valued at approximately $5,174,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Financial Group LLC purchased a new stake in Global Payments during the fourth quarter valued at approximately $25,000. DV Equities LLC purchased a new position in Global Payments in the fourth quarter worth $26,000. Johnson Financial Group Inc. purchased a new stake in shares of Global Payments during the 3rd quarter valued at $35,000. Hantz Financial Services Inc. lifted its holdings in shares of Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 223 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Global Payments in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 3.1%

Shares of GPN stock opened at $92.82 on Thursday. The stock’s 50-day simple moving average is $83.90 and its 200-day simple moving average is $75.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $24.56 billion, a PE ratio of -31.15, a P/E/G ratio of 0.49 and a beta of 0.78. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping 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 firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the company posted $3.10 earnings per share. The company’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts expect that Global Payments Inc. will post 13.65 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s dividend payout ratio is -33.56%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GPN. Rothschild & Co Redburn reduced their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Global Payments in a report on Friday, August 7th. Stephens set a $80.00 price target on Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, HC Wainwright started coverage on shares of Global Payments in a report on Thursday, August 6th. They set a “buy” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $92.52.

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.