Insider Buying: Global Payments (NYSE:GPN) Director Buys $240,750.00 in Stock

Global Payments Inc. (NYSE:GPN) Director Robert Baldwin, Jr. acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average price of $80.25 per share, for a total transaction of $240,750.00. Following the acquisition, the director directly owned 48,911 shares in the company, valued at $3,925,107.75. This represents a 6.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Global Payments Price Performance

Global Payments stock opened at $82.04 on Monday. The company has a fifty day simple moving average of $80.00 and a 200-day simple moving average of $81.66. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.78 and a beta of 0.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $116.16.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the business posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be given a $0.25 dividend. The ex-dividend date is Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments’s dividend payout ratio is 14.04%.

Institutional Trading of Global Payments

Institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its position in shares of Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Global Payments during the 3rd quarter worth approximately $27,000. REAP Financial Group LLC acquired a new stake in Global Payments in the 3rd quarter valued at approximately $28,000. SouthState Bank Corp acquired a new stake in Global Payments in the 3rd quarter valued at approximately $28,000. Finally, LRI Investments LLC lifted its stake in Global Payments by 53.4% during the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after purchasing an additional 133 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of analyst reports. Evercore ISI reduced their price objective on Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. Jefferies Financial Group reduced their price target on Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Zacks Research raised shares of Global Payments to a “hold” rating in a research report on Tuesday, November 18th. KeyCorp cut shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $105.00 target price on shares of Global Payments in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average target price of $102.29.

Global Payments Company 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.