Elo Mutual Pension Insurance Co Acquires 8,228 Shares of Global Payments Inc. $GPN

Elo Mutual Pension Insurance Co raised its holdings in shares of Global Payments Inc. (NYSE:GPN) by 75.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,116 shares of the business services provider’s stock after purchasing an additional 8,228 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Global Payments were worth $1,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GPN. Independent Advisor Alliance raised its holdings in Global Payments by 260.5% in the 3rd quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 21,278 shares in the last quarter. BIP Wealth LLC raised its stake in Global Payments by 151.6% in the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after buying an additional 18,138 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Global Payments in the third quarter worth about $905,000. HB Wealth Management LLC lifted its holdings in Global Payments by 213.9% in the third quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock worth $3,062,000 after buying an additional 25,118 shares during the period. Finally, Saiph Capital LLC bought a new stake in Global Payments during the 2nd quarter valued at approximately $7,269,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of NYSE:GPN opened at $77.51 on Thursday. The business has a fifty day moving average price of $75.46 and a 200-day moving average price of $80.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $21.70 billion, a PE ratio of 13.39, a PEG ratio of 0.43 and a beta of 0.73. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $101.32.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.16 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. Global Payments’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is 17.27%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $97.00 target price (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. Keefe, Bruyette & Woods raised their price objective on Global Payments from $87.00 to $90.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a report on Thursday, January 22nd. Raymond James Financial raised shares of Global Payments to a “moderate buy” rating in a research report on Wednesday, February 18th. Finally, TD Cowen reissued a “hold” rating on shares of Global Payments in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.52.

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average cost of $81.42 per share, with a total value of $846,116.64. Following the transaction, the director owned 59,303 shares of the company’s stock, valued at $4,828,450.26. The trade was a 21.25% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David M. Sheffield sold 2,016 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the sale, the executive vice president owned 14,438 shares in the company, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.01% of the stock is owned by insiders.

Global Payments Company 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.