Cwm LLC Purchases 11,270 Shares of Global Payments Inc. $GPN

Cwm LLC lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 27.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,504 shares of the business services provider’s stock after purchasing an additional 11,270 shares during the period. Cwm LLC’s holdings in Global Payments were worth $4,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Global Payments during the 4th quarter worth $725,000. Vident Advisory LLC grew its stake in shares of Global Payments by 26.3% in the first quarter. Vident Advisory LLC now owns 13,117 shares of the business services provider’s stock valued at $1,284,000 after acquiring an additional 2,735 shares in the last quarter. Quarry LP bought a new position in Global Payments during the first quarter worth about $42,000. Graham Capital Management L.P. acquired a new stake in shares of Global Payments in the first quarter valued at approximately $689,000. Finally, Focus Partners Advisor Solutions LLC raised its holdings in Global Payments by 4.9% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 4,365 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 204 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

Global Payments stock opened at $77.43 on Thursday. The business has a 50 day moving average of $78.59 and a 200-day moving average of $81.97. The company has a market capitalization of $18.33 billion, a P/E ratio of 10.88, a P/E/G ratio of 0.75 and a beta of 0.82. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $115.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85.

Global Payments (NYSE:GPN) last posted its 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. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same period in the previous year, the firm posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were 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 was Friday, December 12th. Global Payments’s dividend payout ratio is presently 14.04%.

Insider Buying and Selling at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of $81.42 per share, with a total value of $846,116.64. Following the acquisition, the director owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This represents a 21.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Lawrence Green sold 11,600 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total value of $927,884.00. Following the completion of the sale, the insider directly owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. 1.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GPN has been the subject of several analyst reports. TD Cowen boosted their target price on shares of Global Payments from $92.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Evercore ISI reduced their target price on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Zacks Research raised Global Payments to a “hold” rating in a report on Tuesday, November 18th. Rothschild & Co Redburn upped their price objective on Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a research report on Wednesday, December 3rd. Finally, Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.29.

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.