Rakuten Investment Management Inc. Takes $2.71 Million Position in Global Payments Inc. $GPN

Rakuten Investment Management Inc. acquired a new position in Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,113 shares of the business services provider’s stock, valued at approximately $2,711,000.

A number of other hedge funds have also recently made changes to their positions in the stock. North Star Asset Management Inc. acquired a new stake in Global Payments in the 2nd quarter valued at approximately $23,198,000. Empowered Funds LLC purchased a new stake in Global Payments in the second quarter valued at approximately $1,481,000. United Capital Financial Advisors LLC acquired a new position in Global Payments during the second quarter worth $693,000. Balanced Rock Investment Advisors LLC acquired a new position in Global Payments during the second quarter worth $304,000. Finally, Formula Growth Ltd. purchased a new position in shares of Global Payments during the second quarter worth $1,942,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

NYSE:GPN opened at $91.86 on Monday. The company has a fifty day simple moving average of $82.35 and a two-hundred day simple moving average of $74.66. The company has a market cap of $24.31 billion, a price-to-earnings ratio of -30.83, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same period last year, the firm earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities analysts anticipate that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.1%. Global Payments’s dividend payout ratio is -33.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Wolfe Research reissued an “outperform” rating and set a $125.00 target price (up from $110.00) on shares of Global Payments in a research note on Tuesday, August 25th. Morgan Stanley restated an “overweight” rating and set a $103.00 target price on shares of Global Payments in a report on Thursday, August 6th. Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Rothschild & Co Redburn cut their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Global Payments has a consensus rating of “Hold” and a consensus target price of $92.36.

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.