Boston Partners Decreases Holdings in Global Payments Inc. $GPN

Boston Partners lowered its holdings in shares of Global Payments Inc. (NYSE:GPN) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 738,717 shares of the business services provider’s stock after selling 8,856 shares during the period. Boston Partners owned about 0.30% of Global Payments worth $59,114,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Star Asset Management Inc. lifted its stake in shares of Global Payments by 7.4% in the 2nd quarter. North Star Asset Management Inc. now owns 312,611 shares of the business services provider’s stock valued at $25,021,000 after acquiring an additional 21,510 shares during the last quarter. Manchester Capital Management LLC lifted its position in Global Payments by 36.2% in the second quarter. Manchester Capital Management LLC now owns 745 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 198 shares during the last quarter. Southeast Asset Advisors LLC grew its holdings in shares of Global Payments by 54.0% in the second quarter. Southeast Asset Advisors LLC now owns 11,407 shares of the business services provider’s stock worth $913,000 after purchasing an additional 4,000 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Global Payments by 7,904.3% in the second quarter. Laurel Wealth Advisors LLC now owns 22,172 shares of the business services provider’s stock worth $1,775,000 after purchasing an additional 21,895 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Global Payments by 4.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 65,477 shares of the business services provider’s stock worth $5,241,000 after buying an additional 2,786 shares during the period. 89.76% of the stock is owned by institutional investors.

Insider Activity at Global Payments

In other Global Payments news, Director Connie D. Mcdaniel sold 4,464 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the sale, the director directly owned 30,014 shares in the company, valued at approximately $2,335,389.34. This trade represents a 12.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patricia A. Watson bought 1,331 shares of Global Payments stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $75.06 per share, with a total value of $99,904.86. Following the acquisition, the director owned 2,651 shares in the company, valued at approximately $198,984.06. This represents a 100.83% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.01% of the company’s stock.

Global Payments Price Performance

GPN opened at $74.94 on Friday. The firm has a market cap of $17.74 billion, a PE ratio of 13.10, a P/E/G ratio of 0.76 and a beta of 0.95. The stock has a 50-day moving average price of $81.51 and a 200-day moving average price of $81.60. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $120.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $3.23 by $0.03. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate 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 firm posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Sell-side analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, December 12th. Global Payments’s payout ratio is presently 14.04%.

Analysts Set New Price Targets

A number of research firms have issued reports on GPN. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. UBS Group increased their price objective on Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Jefferies Financial Group reduced their price objective on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday. Cowen restated a “hold” rating on shares of Global Payments in a report on Wednesday, November 5th. Finally, Truist Financial lowered their target price on Global Payments from $90.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $103.90.

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.