Osmosis Investment Management UK Ltd Invests $507,000 in Global Payments Inc. $GPN

Osmosis Investment Management UK Ltd purchased a new position in Global Payments Inc. (NYSE:GPN) during the second quarter, Holdings Channel reports. The fund purchased 6,986 shares of the business services provider’s stock, valued at approximately $507,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Gtcr LLC purchased a new stake in Global Payments during the first quarter worth about $2,911,939,000. Pzena Investment Management LLC bought a new stake in Global Payments in the second quarter worth about $848,344,000. Glenview Capital Management LLC boosted its stake in Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after acquiring an additional 523,209 shares during the last quarter. Norges Bank purchased a new position in Global Payments in the fourth quarter valued at about $276,014,000. Finally, Northern Trust Corp grew its position in shares of Global Payments by 1.7% during the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after acquiring an additional 45,857 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Global Payments from $79.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price objective on Global Payments from $76.00 to $95.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Wells Fargo & Company decreased their target price on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Wolfe Research restated an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Global Payments in a research note on Tuesday. Finally, TD Cowen began coverage on Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating on the stock. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Global Payments currently has an average rating of “Hold” and an average target price of $92.16.

Global Payments Price Performance

GPN opened at $93.72 on Wednesday. The firm has a 50-day moving average price of $80.81 and a 200-day moving average price of $74.23. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $95.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $24.80 billion, a price-to-earnings ratio of -31.45, a PEG ratio of 0.54 and a beta of 0.74.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion for 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%. Global Payments’s revenue was up 68.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts expect that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments’s dividend payout ratio is currently -33.56%.

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.