OMERS ADMINISTRATION Corp Makes New $949,000 Investment in Global Payments Inc. $GPN

OMERS ADMINISTRATION Corp acquired a new position in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,078 shares of the business services provider’s stock, valued at approximately $949,000.

Other hedge funds have also made changes to their positions in the company. Osmosis Investment Management UK Ltd purchased a new stake in Global Payments during the 2nd quarter worth $507,000. Sanctuary Advisors LLC purchased a new position in Global Payments in the second quarter valued at about $331,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Global Payments in the second quarter valued at about $1,669,000. Twin Tree Management LP acquired a new position in shares of Global Payments during the second quarter worth about $375,000. Finally, Davis Asset Management L.P. acquired a new position in shares of Global Payments during the second quarter worth about $107,752,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GPN. Argus set a $110.00 target price on Global Payments and gave the company a “buy” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn lowered their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Jefferies Financial Group raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Susquehanna set a $111.00 price target on shares of Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $125.00 price target (up from $110.00) on shares of Global Payments in a research note on Tuesday. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.36.

Global Payments Stock Performance

Shares of GPN stock opened at $92.62 on Friday. The stock has a market capitalization of $24.51 billion, a price-to-earnings ratio of -31.08, a PEG ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.88. The company’s 50-day simple moving average is $81.86 and its 200-day simple moving average is $74.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company earned $3.10 earnings per share. Global Payments’s quarterly revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts anticipate that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments’s payout ratio is -33.56%.

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.