LSV Asset Management Has $22.35 Million Stock Holdings in Global Payments Inc. $GPN

LSV Asset Management decreased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 5.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 279,200 shares of the business services provider’s stock after selling 17,400 shares during the quarter. LSV Asset Management’s holdings in Global Payments were worth $22,347,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. LRI Investments LLC boosted its position in Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after acquiring an additional 133 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Global Payments by 5.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 158 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Global Payments by 5.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,320 shares of the business services provider’s stock worth $266,000 after purchasing an additional 161 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Global Payments by 4.1% during the first quarter. Pinnacle Associates Ltd. now owns 4,342 shares of the business services provider’s stock worth $425,000 after purchasing an additional 171 shares during the period. Finally, WESCAP Management Group Inc. grew its position in Global Payments by 2.5% during the first quarter. WESCAP Management Group Inc. now owns 7,102 shares of the business services provider’s stock valued at $695,000 after purchasing an additional 176 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Global Payments

In other news, Director Patricia A. Watson bought 1,331 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the acquisition, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Connie D. Mcdaniel sold 4,464 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the transaction, the director directly owned 30,014 shares of the company’s stock, valued at $2,335,389.34. This represents a 12.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.01% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on GPN shares. Royal Bank Of Canada upped 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 note on Wednesday, November 5th. Citigroup raised shares of Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. KeyCorp lowered Global Payments from an “overweight” rating to a “sector weight” rating in a report on Wednesday, October 22nd. Cowen reissued a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. boosted their target price on Global Payments from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, Global Payments has an average rating of “Hold” and a consensus target price of $103.90.

Global Payments Price Performance

NYSE:GPN opened at $72.04 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market cap of $17.06 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $120.00. The company’s 50-day moving average price is $83.18 and its two-hundred day moving average price is $81.93.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments’s dividend payout ratio is presently 14.04%.

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.