Korea Investment CORP Buys Shares of 41,705 Global Payments Inc. $GPN

Korea Investment CORP purchased a new stake in Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent filing with the SEC. The firm purchased 41,705 shares of the business services provider’s stock, valued at approximately $3,026,000.

Several other hedge funds have also added to or reduced their stakes in GPN. Strive Financial Group LLC acquired a new stake in Global Payments during the 4th quarter worth approximately $25,000. DV Equities LLC bought a new stake in Global Payments during the 4th quarter worth about $26,000. Torren Management LLC bought a new stake in Global Payments during the fourth quarter worth about $34,000. Western Wealth Management LLC bought a new stake in shares of Global Payments during the 1st quarter worth approximately $34,000. Finally, Johnson Financial Group Inc. bought a new stake in Global Payments during the third quarter worth $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GPN. HC Wainwright initiated coverage on Global Payments in a report on Thursday, August 6th. They set a “buy” rating for the company. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Citigroup reiterated a “buy” rating on shares of Global Payments in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reduced their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Finally, Stephens set a $80.00 price target on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.92.

Global Payments Stock Performance

NYSE GPN opened at $94.33 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $80.31 and a 200 day simple moving average of $74.06. The company has a market cap of $24.96 billion, a P/E ratio of -31.65, a PEG ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $95.88.

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 analysts’ consensus estimates 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted $3.10 EPS. The firm’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. Sell-side analysts predict that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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