Global Payments Inc. $GPN Shares Acquired by AIA Group Ltd

AIA Group Ltd increased its position in shares of Global Payments Inc. (NYSE:GPN) by 146.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,722 shares of the business services provider’s stock after purchasing an additional 22,987 shares during the period. AIA Group Ltd’s holdings in Global Payments were worth $3,217,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in shares of Global Payments by 43.2% during the 3rd quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after acquiring an additional 184 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Global Payments by 19.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,926 shares of the business services provider’s stock worth $326,000 after acquiring an additional 650 shares in the last quarter. Prana Capital Management LP raised its position in shares of Global Payments by 36.2% during the 3rd quarter. Prana Capital Management LP now owns 418,095 shares of the business services provider’s stock worth $34,735,000 after acquiring an additional 111,051 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Global Payments during the third quarter worth approximately $2,785,000. Finally, Coldstream Capital Management Inc. purchased a new stake in Global Payments during the third quarter worth approximately $227,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of GPN stock opened at $68.27 on Friday. The stock has a market capitalization of $18.79 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.39 and a beta of 0.73. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $100.56. The stock’s 50-day moving average price is $74.09 and its 200 day moving average price is $78.97. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping 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 company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm earned $2.85 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be issued 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 1.5%. Global Payments’s dividend payout ratio (DPR) is currently 17.27%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GPN. Keefe, Bruyette & Woods increased their target price on shares of Global Payments from $87.00 to $90.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Jefferies Financial Group dropped their price objective on Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Wells Fargo & Company lifted their target price on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Global Payments in a report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $91.36.

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.