Metis Global Partners LLC Has $709,000 Stake in Global Payments Inc. $GPN

Metis Global Partners LLC reduced its position in shares of Global Payments Inc. (NYSE:GPN) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,862 shares of the business services provider’s stock after selling 1,208 shares during the quarter. Metis Global Partners LLC’s holdings in Global Payments were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Pzena Investment Management LLC grew its holdings in shares of Global Payments by 32.6% during the second quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock valued at $884,462,000 after buying an additional 2,716,156 shares in the last quarter. Nuveen LLC acquired a new stake in Global Payments during the 1st quarter worth about $94,107,000. Amundi grew its stake in Global Payments by 77.5% during the 1st quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock valued at $186,107,000 after acquiring an additional 874,175 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Global Payments by 346.9% in the 1st quarter. National Bank of Canada FI now owns 912,667 shares of the business services provider’s stock valued at $89,368,000 after purchasing an additional 708,451 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Global Payments in the first quarter worth approximately $66,441,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In other Global Payments news, Director Patricia A. Watson purchased 1,331 shares of the 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 completion of the transaction, the director owned 2,651 shares in the company, valued at $198,984.06. This trade represents a 100.83% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.01% of the stock is owned by company insiders.

Global Payments Stock Up 0.2%

GPN opened at $77.40 on Thursday. The firm has a market cap of $18.32 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average price of $84.28 and a 200 day moving average price of $81.98. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $3.23 by $0.03. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given 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 yield of 1.3%. Global Payments’s payout ratio is currently 14.04%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GPN shares. UBS Group boosted their price objective on shares of Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. TD Cowen lifted 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. B. Riley reaffirmed a “buy” rating on shares of Global Payments in a research note on Wednesday, July 16th. Evercore ISI increased their price objective on Global Payments from $85.00 to $90.00 and gave the stock an “in-line” rating in a report on Friday, August 8th. Finally, Mizuho upgraded Global Payments from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $86.00 to $114.00 in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $104.10.

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.