6,835 Shares in Global Payments Inc. $GPN Bought by Investment House LLC

Investment House LLC bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,835 shares of the business services provider’s stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. North Star Investment Management Corp. raised its holdings in Global Payments by 242.2% during the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after buying an additional 218 shares during the period. Root Financial Partners LLC acquired a new position in shares of Global Payments in the third quarter worth about $27,000. LRI Investments LLC increased its position in shares of Global Payments by 53.4% in the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after acquiring an additional 133 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Global Payments in the third quarter worth approximately $37,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Global Payments by 103.7% during the third quarter. Cromwell Holdings LLC now owns 497 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In other news, insider David Lawrence Green sold 11,600 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total value of $927,884.00. Following the sale, the insider owned 68,096 shares in the company, valued at approximately $5,446,999.04. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Connie D. Mcdaniel sold 4,464 shares of the business’s 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 transaction, the director directly owned 30,014 shares in the company, valued at $2,335,389.34. This trade represents a 12.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have acquired 14,723 shares of company stock worth $1,186,772 and have sold 18,080 shares worth $1,439,350. Corporate insiders own 1.01% of the company’s stock.

Global Payments Price Performance

Shares of Global Payments stock opened at $75.21 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $77.48 and a 200-day simple moving average of $81.67. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.49 and a beta of 0.79. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $114.17.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.41 billion. During the same quarter last year, the firm posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, sell-side analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on GPN. KeyCorp cut shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada raised their target price on Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. TD Cowen lowered their price target on Global Payments from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Global Payments in a research report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target on the stock. Finally, Stephens decreased their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Global Payments presently has an average rating of “Hold” and a consensus price target of $98.67.

Global Payments Company 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.