Global Payments Inc. $GPN Shares Bought by Korea Investment CORP

Korea Investment CORP grew its holdings in shares of Global Payments Inc. (NYSE:GPN) by 64.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,093 shares of the business services provider’s stock after purchasing an additional 124,400 shares during the period. Korea Investment CORP owned about 0.13% of Global Payments worth $26,261,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Global Payments in the fourth quarter valued at approximately $725,000. Caxton Associates LLP acquired a new stake in Global Payments during the 1st quarter worth approximately $243,000. Intech Investment Management LLC boosted its position in Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 4,386 shares during the period. Resona Asset Management Co. Ltd. grew its stake in shares of Global Payments by 5.2% in the second quarter. Resona Asset Management Co. Ltd. now owns 82,452 shares of the business services provider’s stock worth $6,583,000 after acquiring an additional 4,050 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Global Payments in the second quarter worth $1,402,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Activity

In related news, EVP David M. Sheffield sold 2,016 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $81.41, for a total value of $164,122.56. Following the completion of the transaction, the executive vice president directly owned 14,438 shares of the company’s stock, valued at $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was bought at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the completion of the purchase, the director directly owned 59,303 shares of the company’s stock, valued at $4,828,450.26. The trade was a 21.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.01% of the stock is currently owned by company insiders.

Global Payments Price Performance

Global Payments stock opened at $74.83 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $75.21 and a 200-day simple moving average of $79.86. The stock has a market cap of $20.94 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $100.56.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company posted $2.85 earnings per share. Global Payments’s revenue for the quarter was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is presently 17.27%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GPN. Deutsche Bank Aktiengesellschaft started coverage on Global Payments in a research report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Wells Fargo & Company upped their price target on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Evercore reduced their price target on Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. Finally, Truist Financial set a $85.00 price objective on Global Payments in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.36.

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.