Global Payments (NYSE:GPN) EVP David Sheffield Sells 2,016 Shares of Stock

Global Payments Inc. (NYSE:GPN) EVP David Sheffield sold 2,016 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the completion of the sale, the executive vice president owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Global Payments Stock Up 0.1%

Global Payments stock opened at $82.04 on Friday. 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 company’s 50-day moving average is $80.00 and its 200-day moving average is $81.57. The firm has a market capitalization of $19.42 billion, a PE ratio of 11.52, a P/E/G ratio of 0.78 and a beta of 0.82. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $116.16.

Global Payments (NYSE:GPN) last issued its 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. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate 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 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Sell-side analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments’s payout ratio is presently 14.04%.

Institutional Trading of Global Payments

Several hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. boosted its holdings in Global Payments by 242.2% in the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Global Payments in the third quarter valued at approximately $27,000. REAP Financial Group LLC bought a new stake in shares of Global Payments in the third quarter valued at approximately $28,000. SouthState Bank Corp bought a new stake in shares of Global Payments in the third quarter valued at approximately $28,000. Finally, LRI Investments LLC grew its position in Global Payments by 53.4% during the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup upgraded Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Jefferies Financial Group dropped their price objective on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Wells Fargo & Company raised shares of Global Payments to a “strong-buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada upped their price target on shares of Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 5th. Finally, KeyCorp downgraded shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned 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, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $102.29.

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.