UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $108.50 Million Holdings in Global Payments Inc. $GPN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Global Payments Inc. (NYSE:GPN) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,495,339 shares of the business services provider’s stock after buying an additional 58,960 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.57% of Global Payments worth $108,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Gtcr LLC bought a new position in Global Payments in the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC bought a new stake in Global Payments during the second quarter worth $848,344,000. Norges Bank bought a new stake in Global Payments during the fourth quarter worth $276,014,000. Deutsche Bank AG acquired a new stake in shares of Global Payments in the 2nd quarter valued at $138,781,000. Finally, Legal & General Group Plc acquired a new stake in shares of Global Payments in the 2nd quarter valued at $120,036,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPN has been the subject of several recent analyst reports. Citigroup restated a “buy” rating on shares of Global Payments in a research report on Thursday, August 6th. Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Jefferies Financial Group raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. HC Wainwright assumed coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating on the stock. Finally, Rothschild & Co Redburn decreased their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $92.52.

Global Payments Price Performance

Shares of GPN opened at $90.11 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock has a market cap of $23.84 billion, a PE ratio of -30.24, a PEG ratio of 0.49 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. The business has a 50-day simple moving average of $83.39 and a two-hundred day simple moving average of $74.91.

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 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 for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the firm posted $3.10 earnings per share. The business’s revenue for the quarter was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts anticipate that Global Payments Inc. will post 13.65 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s payout ratio is presently -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.