Mitsubishi UFJ Asset Management Co. Ltd. Has $41.47 Million Stake in Global Payments Inc. $GPN

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Global Payments Inc. (NYSE:GPN) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 499,178 shares of the business services provider’s stock after acquiring an additional 33,807 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Global Payments were worth $41,472,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in Global Payments in the 2nd quarter valued at $273,844,000. Balyasny Asset Management L.P. boosted its position in shares of Global Payments by 480.7% in the second quarter. Balyasny Asset Management L.P. now owns 1,074,669 shares of the business services provider’s stock valued at $86,017,000 after acquiring an additional 889,590 shares during the period. Hsbc Holdings PLC boosted its position in shares of Global Payments by 99.5% in the second quarter. Hsbc Holdings PLC now owns 1,124,558 shares of the business services provider’s stock valued at $89,820,000 after acquiring an additional 560,936 shares during the period. Natixis grew its stake in shares of Global Payments by 205.6% in the second quarter. Natixis now owns 778,204 shares of the business services provider’s stock valued at $62,287,000 after acquiring an additional 523,555 shares in the last quarter. Finally, Glenview Capital Management LLC increased its position in Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after acquiring an additional 523,209 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on GPN shares. Stephens cut their price objective on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, January 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $97.00 price target (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. Evercore cut their price target on Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Keefe, Bruyette & Woods raised their price objective on Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Payments in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Global Payments has a consensus rating of “Hold” and a consensus target price of $91.52.

Global Payments Stock Down 2.0%

Shares of GPN opened at $76.30 on Friday. Global Payments Inc. has a one year low of $65.93 and a one year high of $106.07. The company has a market cap of $21.36 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $75.66 and a two-hundred day simple moving average of $80.30.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.32 billion. During the same quarter last year, the business posted $2.85 EPS. The company’s revenue 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. Research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

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

Insider Buying and Selling at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total transaction of $927,884.00. Following the completion of the transaction, the insider owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average cost of $81.42 per share, with a total value of $846,116.64. Following the acquisition, the director directly owned 59,303 shares of the company’s stock, valued at approximately $4,828,450.26. The trade was a 21.25% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.01% of the company’s stock.

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.