Insider Selling: Global Payments (NYSE:GPN) Insider Sells 11,600 Shares of Stock

Global Payments Inc. (NYSE:GPN) insider David Lawrence Green sold 11,600 shares of the firm’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 transaction of $927,884.00. Following the sale, the insider owned 68,096 shares in the company, valued at $5,446,999.04. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Global Payments Stock Down 1.0%

GPN traded down $0.84 during trading on Friday, reaching $78.91. The company had a trading volume of 2,180,834 shares, compared to its average volume of 2,630,716. The company has a market cap of $18.68 billion, a P/E ratio of 11.08, a PEG ratio of 0.76 and a beta of 0.82. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $118.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average price is $80.70 and its 200 day moving average price is $81.45.

Global Payments (NYSE:GPN) last issued its quarterly earnings data 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 business 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 last year, the business posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Global Payments’s payout ratio is 14.04%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup raised Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. UBS Group raised their price target on shares of Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Wells Fargo & Company upgraded shares of Global Payments to a “strong-buy” rating in a report on Wednesday, October 22nd. Cowen reissued a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. Finally, Evercore ISI decreased their target price on shares of Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.29.

Institutional Investors Weigh In On Global Payments

Institutional investors and hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. grew its stake in shares of Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Global Payments in the third quarter valued at $27,000. REAP Financial Group LLC bought a new position in shares of Global Payments in the 3rd quarter valued at about $28,000. SouthState Bank Corp acquired a new position in shares of Global Payments during the 3rd quarter worth about $28,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Global Payments during the 1st quarter worth about $37,000. Institutional investors own 89.76% of the company’s stock.

About Global Payments

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.