Pacer Advisors Inc. Has $3.04 Million Stock Holdings in Global Payments Inc. $GPN

Pacer Advisors Inc. raised its stake in Global Payments Inc. (NYSE:GPN) by 82.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,562 shares of the business services provider’s stock after buying an additional 16,535 shares during the period. Pacer Advisors Inc.’s holdings in Global Payments were worth $3,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. lifted its stake in shares of Global Payments by 180.5% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 16,092 shares of the business services provider’s stock valued at $1,337,000 after acquiring an additional 10,355 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Global Payments by 19.0% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 9,805 shares of the business services provider’s stock worth $815,000 after purchasing an additional 1,564 shares in the last quarter. Private Trust Co. NA raised its position in Global Payments by 97.8% in the third quarter. Private Trust Co. NA now owns 2,022 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 1,000 shares during the last quarter. Swedbank AB boosted its stake in shares of Global Payments by 0.3% during the third quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock valued at $4,252,000 after purchasing an additional 154 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Global Payments by 3.0% during the third quarter. Vontobel Holding Ltd. now owns 31,412 shares of the business services provider’s stock worth $2,610,000 after purchasing an additional 923 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a report on Wednesday, October 8th. 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 note on Wednesday, November 5th. Jefferies Financial Group lowered their target price on Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Finally, KeyCorp downgraded Global Payments from an “overweight” rating to a “sector weight” rating in a 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.29.

Global Payments Price Performance

GPN stock opened at $79.36 on Wednesday. The firm has a market cap of $18.79 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.76 and a beta of 0.82. 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 Inc. has a 12-month low of $65.93 and a 12-month high of $115.19. The company’s fifty day simple moving average is $78.76 and its 200 day simple moving average is $82.01.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. 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. On average, analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Global Payments’s payout ratio is presently 14.04%.

Insider Transactions at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of the 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 transaction, the insider directly owned 68,096 shares in the company, valued at approximately $5,446,999.04. This represents a 14.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia A. Watson acquired 1,331 shares of Global Payments stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $75.06 per share, with a total value of $99,904.86. Following the transaction, the director owned 2,651 shares in the company, valued at approximately $198,984.06. This trade represents a 100.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 14,723 shares of company stock valued at $1,186,772 and sold 18,080 shares valued at $1,439,350. 1.01% of the stock is owned by corporate insiders.

Global Payments Company Profile

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.