Oregon Public Employees Retirement Fund Has $2.30 Million Position in Global Payments Inc. $GPN

Oregon Public Employees Retirement Fund lifted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 31.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,710 shares of the business services provider’s stock after purchasing an additional 6,672 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Global Payments were worth $2,302,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its holdings in shares of 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 in the last quarter. LRI Investments LLC lifted its position in shares of Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 133 shares during the period. Mather Group LLC. bought a new position in Global Payments during the third quarter worth $37,000. Cromwell Holdings LLC grew its holdings in Global Payments by 103.7% in the third quarter. Cromwell Holdings LLC now owns 497 shares of the business services provider’s stock worth $41,000 after purchasing an additional 253 shares during the period. Finally, MTM Investment Management LLC bought a new stake in Global Payments in the second quarter valued at $50,000. 89.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Global Payments news, Director Connie D. Mcdaniel sold 4,464 shares of the stock in a transaction dated 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 sale, the director owned 30,014 shares in the company, valued at approximately $2,335,389.34. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patricia A. Watson bought 1,331 shares of the business’s stock in a transaction dated 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 purchase, the director directly owned 2,651 shares in the company, valued at approximately $198,984.06. The trade was a 100.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. 1.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GPN shares. Jefferies Financial Group cut 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. TD Cowen increased their price target on Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Evercore ISI decreased their price objective on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Truist Financial cut their target price on Global Payments from $90.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, November 13th. Finally, Royal Bank Of Canada boosted 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.32.

Global Payments Stock Up 0.2%

Shares of NYSE:GPN opened at $79.67 on Tuesday. The business’s 50 day moving average is $77.83 and its 200 day moving average is $82.05. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $114.17. The stock has a market cap of $18.86 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.67 and a beta of 0.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.03. The business 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 business earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, sell-side analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued 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 payout ratio is 14.04%.

About Global Payments

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.