Algebris UK Ltd. Has $17.67 Million Holdings in Global Payments Inc. $GPN

Algebris UK Ltd. increased its position in shares of Global Payments Inc. (NYSE:GPN) by 51.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,862 shares of the business services provider’s stock after buying an additional 72,286 shares during the period. Global Payments accounts for 2.0% of Algebris UK Ltd.’s holdings, making the stock its 19th biggest holding. Algebris UK Ltd. owned about 0.09% of Global Payments worth $17,671,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GPN. Thomasville National Bank lifted its position in shares of Global Payments by 0.7% during the 3rd quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock valued at $1,483,000 after acquiring an additional 125 shares during the period. LRI Investments LLC lifted its stake in 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 acquiring an additional 133 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Global Payments by 23.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock worth $67,000 after purchasing an additional 152 shares during the last quarter. Swedbank AB boosted its stake in shares of Global Payments by 0.3% in the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after buying an additional 154 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Global Payments by 5.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,320 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 161 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David Lawrence Green sold 11,600 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. This represents a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patricia A. Watson acquired 1,331 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $75.06 per share, for a total transaction of $99,904.86. Following the completion of the transaction, the director directly owned 2,651 shares of the company’s stock, valued at $198,984.06. The trade was a 100.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 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 Stock Down 1.0%

NYSE:GPN opened at $75.21 on Monday. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $114.17. The firm’s 50-day moving average price is $77.48 and its 200-day moving average price is $81.67. 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 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 issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS 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 analysts’ expectations of $2.41 billion. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.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 analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GPN shares. UBS Group reissued a “neutral” rating and issued a $93.00 target price on shares of Global Payments in a research report on Wednesday. Stephens lowered their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, January 16th. KeyCorp lowered shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Evercore ISI dropped their price target on Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company raised shares of Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and an average target price of $98.67.

About Global Payments

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.