Global Payments Inc. $GPN Shares Sold by LSV Asset Management

LSV Asset Management lessened its position in shares of Global Payments Inc. (NYSE:GPN) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,200 shares of the business services provider’s stock after selling 17,400 shares during the period. LSV Asset Management owned about 0.12% of Global Payments worth $22,347,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GPN. Nomura Asset Management Co. Ltd. increased its holdings in shares of Global Payments by 5.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 83,603 shares of the business services provider’s stock valued at $6,692,000 after acquiring an additional 4,554 shares during the last quarter. MTM Investment Management LLC bought a new position in Global Payments during the second quarter worth $50,000. Rockefeller Capital Management L.P. boosted its holdings in Global Payments by 17.5% in the second quarter. Rockefeller Capital Management L.P. now owns 13,426 shares of the business services provider’s stock worth $1,075,000 after purchasing an additional 2,002 shares during the period. Alberta Investment Management Corp bought a new stake in Global Payments during the second quarter valued at $4,242,000. Finally, Intech Investment Management LLC increased its stake in Global Payments by 149.5% during the second quarter. Intech Investment Management LLC now owns 36,082 shares of the business services provider’s stock valued at $2,888,000 after purchasing an additional 21,620 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Patricia A. Watson purchased 1,331 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the transaction, the director directly owned 2,651 shares of the company’s stock, valued at $198,984.06. This trade represents a 100.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Connie D. Mcdaniel sold 4,464 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total value of $347,343.84. Following the sale, the director owned 30,014 shares in the company, valued at approximately $2,335,389.34. The trade was a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.01% of the company’s stock.

Global Payments Trading Down 0.7%

Shares of NYSE:GPN opened at $72.04 on Wednesday. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average price of $83.18 and a 200 day moving average price of $81.93.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.03. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the company earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, December 12th. Global Payments’s dividend payout ratio is currently 14.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GPN shares. Citigroup upgraded shares of Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. KeyCorp lowered shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, October 22nd. Truist Financial decreased their target price on Global Payments from $90.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, November 13th. UBS Group upped their target price on Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, Mizuho upgraded Global Payments from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $86.00 to $114.00 in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $103.90.

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.