Meiji Yasuda Asset Management Co Ltd. Makes New Investment in Global Payments Inc. $GPN

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,996 shares of the business services provider’s stock, valued at approximately $1,669,000.

Several other large investors have also modified their holdings of GPN. Westpac Banking Corp increased its position in shares of Global Payments by 5,795.1% in the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after acquiring an additional 56,212 shares in the last quarter. Gtcr LLC acquired a new position in Global Payments in the 1st quarter worth approximately $2,911,939,000. LSV Asset Management grew its position in Global Payments by 30.8% during the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after purchasing an additional 105,500 shares in the last quarter. Pzena Investment Management LLC grew its position in Global Payments by 4.6% during the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after purchasing an additional 500,887 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Global Payments by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock valued at $110,768,000 after purchasing an additional 227,317 shares during the period. 89.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GPN has been the subject of several recent analyst reports. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Wells Fargo & Company dropped their price target on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. UBS Group started coverage on shares of Global Payments in a research report on Thursday, August 6th. They issued a “buy” rating for the company. Finally, Barclays set a $89.00 price objective on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.92.

Global Payments Stock Up 0.9%

GPN opened at $94.33 on Tuesday. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The business 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 results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating 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 business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business posted $3.10 EPS. The firm’s quarterly 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 research analysts forecast that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, September 11th. Global Payments’s payout ratio is currently -33.56%.

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.