Arcadia Investment Management Corp MI Sells 13,900 Shares of Global Payments Inc. $GPN

Arcadia Investment Management Corp MI cut its stake in shares of Global Payments Inc. (NYSE:GPN) by 94.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 860 shares of the business services provider’s stock after selling 13,900 shares during the period. Arcadia Investment Management Corp MI’s holdings in Global Payments were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. LRI Investments LLC increased its position in shares of Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 133 shares during the last quarter. Larson Financial Group LLC boosted its stake in Global Payments by 546.6% during the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock worth $37,000 after buying an additional 317 shares during the period. Zions Bancorporation National Association UT bought a new position in Global Payments during the first quarter valued at $37,000. Quarry LP purchased a new stake in shares of Global Payments in the first quarter valued at $42,000. Finally, WPG Advisers LLC bought a new stake in shares of Global Payments in the 1st quarter worth about $49,000. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on GPN. UBS Group upped their price target on shares of Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price target on Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. KeyCorp lowered Global Payments from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and an average target price of $103.90.

Global Payments Stock Performance

Shares of Global Payments stock opened at $74.12 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $83.77 and its 200-day moving average price is $81.93. The firm has a market cap of $17.55 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $120.00.

Global Payments (NYSE:GPN) last issued its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.03. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. During the same period in the prior year, the business earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Global Payments’s dividend payout ratio (DPR) is presently 14.04%.

Insider Buying and Selling

In related news, Director Patricia A. Watson purchased 1,331 shares of Global Payments stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $75.06 per share, with a total value of $99,904.86. Following the transaction, the director owned 2,651 shares in the company, valued at approximately $198,984.06. The trade was a 100.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Connie D. Mcdaniel sold 4,464 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total value of $347,343.84. Following the sale, the director directly owned 30,014 shares in the company, valued at approximately $2,335,389.34. The trade was a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.01% of the company’s stock.

Global Payments Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.