Natixis Boosts Holdings in Global Payments Inc. $GPN

Natixis boosted its position in shares of Global Payments Inc. (NYSE:GPN) by 205.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 778,204 shares of the business services provider’s stock after purchasing an additional 523,555 shares during the period. Natixis’ holdings in Global Payments were worth $62,287,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GPN. Pettee Investors Inc. raised its holdings in Global Payments by 24.1% in the 2nd quarter. Pettee Investors Inc. now owns 15,672 shares of the business services provider’s stock worth $1,254,000 after acquiring an additional 3,040 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Global Payments by 7.9% in the 2nd quarter. Sound Income Strategies LLC now owns 60,905 shares of the business services provider’s stock worth $4,875,000 after purchasing an additional 4,478 shares in the last quarter. National Pension Service raised its stake in shares of Global Payments by 4.8% in the first quarter. National Pension Service now owns 397,851 shares of the business services provider’s stock worth $38,958,000 after purchasing an additional 18,334 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Global Payments by 6.3% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 366,389 shares of the business services provider’s stock valued at $35,877,000 after purchasing an additional 21,686 shares in the last quarter. Finally, Saiph Capital LLC purchased a new stake in shares of Global Payments during the second quarter valued at $7,269,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore ISI decreased their target price on Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. Royal Bank Of Canada increased their price objective on shares of Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 5th. Jefferies Financial Group cut their target price on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 24th. TD Cowen boosted their target price on shares of Global Payments from $92.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Finally, Raymond James Financial restated an “outperform” rating and issued a $105.00 price target on shares of Global Payments in a research note on Tuesday, November 4th. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $102.29.

Global Payments Trading Down 1.0%

Shares of Global Payments stock opened at $78.91 on Monday. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $118.86. The company’s fifty day simple moving average is $80.59 and its 200-day simple moving average is $81.48. 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 stock has a market capitalization of $18.68 billion, a PE ratio of 11.08, a P/E/G ratio of 0.75 and a beta of 0.82.

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 analysts’ consensus estimates of $3.23 by $0.03. The company 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 last year, the firm earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, equities analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

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

Insider Activity at Global Payments

In other Global Payments news, Director Connie D. Mcdaniel sold 4,464 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total value of $347,343.84. Following the completion of the transaction, the director directly owned 30,014 shares in the company, valued at $2,335,389.34. This represents a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patricia A. Watson acquired 1,331 shares of Global Payments stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $75.06 per share, with a total value of $99,904.86. Following the completion of the purchase, the director owned 2,651 shares of the company’s stock, valued at approximately $198,984.06. This represents a 100.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.01% of the stock is currently owned by corporate insiders.

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.