OMERS ADMINISTRATION Corp Invests $949,000 in Global Payments Inc. $GPN

OMERS ADMINISTRATION Corp purchased a new stake in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 13,078 shares of the business services provider’s stock, valued at approximately $949,000.

Other institutional investors have also modified their holdings of the company. Westpac Banking Corp raised its position in shares of Global Payments by 5,795.1% during the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares during the period. Gtcr LLC acquired a new position in Global Payments during the 1st quarter valued at approximately $2,911,939,000. LSV Asset Management grew its stake in Global Payments by 30.8% during the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after buying an additional 105,500 shares during the last quarter. Gradient Investments LLC increased its position in Global Payments by 156.9% in the second quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock worth $3,306,000 after buying an additional 27,828 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Global Payments by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock worth $110,768,000 after buying an additional 227,317 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $120.00 price target on shares of Global Payments in a report on Thursday, August 6th. Truist Financial increased their price objective on shares of Global Payments from $79.00 to $95.00 and gave the stock a “hold” rating in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $103.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their target price on shares of Global Payments from $76.00 to $95.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Finally, Susquehanna set a $111.00 price target on Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $92.36.

Global Payments Stock Down 0.4%

NYSE GPN opened at $92.62 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $81.86 and its 200 day simple moving average is $74.52. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88. The company has a market capitalization of $24.51 billion, a P/E ratio of -31.08, a PEG ratio of 0.54 and a beta of 0.74.

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

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 presently -33.56%.

Global Payments 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.