GHP Investment Advisors Inc. Has $2.68 Million Stock Holdings in Global Payments Inc. $GPN

GHP Investment Advisors Inc. reduced its stake in shares of Global Payments Inc. (NYSE:GPN) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,197 shares of the business services provider’s stock after selling 7,643 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Global Payments were worth $2,675,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. North Star Investment Management Corp. lifted its position in 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 worth $26,000 after purchasing an additional 218 shares during the period. Root Financial Partners LLC acquired a new position in shares of Global Payments in the 3rd quarter valued at approximately $27,000. LRI Investments LLC lifted its holdings 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 worth $31,000 after acquiring an additional 133 shares during the period. Mather Group LLC. acquired a new stake in shares of Global Payments during the 3rd quarter worth approximately $37,000. Finally, Cromwell Holdings LLC boosted its position in shares of Global Payments by 103.7% during the 3rd quarter. Cromwell Holdings LLC now owns 497 shares of the business services provider’s stock worth $41,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Global Payments stock opened at $75.21 on Friday. The stock has a 50-day moving average price of $77.48 and a two-hundred day moving average price of $81.66. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $114.17. The company has a market capitalization of $17.81 billion, a PE ratio of 10.56, a P/E/G ratio of 0.49 and a beta of 0.79. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.03. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations 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. Analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Global Payments’s dividend payout ratio is 14.04%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research upgraded shares of Global Payments to a “hold” rating in a research report on Tuesday, November 18th. Raymond James Financial reissued an “outperform” rating and set a $105.00 price target on shares of Global Payments in a report on Tuesday, November 4th. Stephens reduced their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, January 16th. Citigroup upgraded Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Truist Financial set a $85.00 target price on shares of Global Payments in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $98.67.

Insider Transactions at Global Payments

In related news, insider David Lawrence Green sold 11,600 shares of the stock in a transaction on Wednesday, December 3rd. The stock was 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 in the company, valued at $5,446,999.04. This represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $81.42 per share, with a total value of $846,116.64. Following the completion of the transaction, the director owned 59,303 shares in the company, valued at $4,828,450.26. The trade was a 21.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. Insiders own 1.01% of the company’s stock.

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.