Global Payments Inc. $GPN Position Raised by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC grew its stake in Global Payments Inc. (NYSE:GPN) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284,912 shares of the business services provider’s stock after purchasing an additional 13,000 shares during the period. Global Payments makes up about 3.8% of Value Holdings Management CO. LLC’s portfolio, making the stock its 10th biggest position. Value Holdings Management CO. LLC owned about 0.12% of Global Payments worth $23,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. LRI Investments LLC lifted its position in Global Payments by 53.4% in 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 during the last quarter. Quarry LP purchased a new stake in shares of Global Payments in the first quarter valued at $42,000. WPG Advisers LLC purchased a new stake in shares of Global Payments in the first quarter valued at $49,000. MTM Investment Management LLC bought a new stake in shares of Global Payments in the 2nd quarter worth about $50,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Global Payments during the 2nd quarter worth about $55,000. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GPN shares. Royal Bank Of Canada increased their price objective on shares of Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. KeyCorp downgraded Global Payments from an “overweight” rating to a “sector weight” rating in a report on Wednesday, October 22nd. TD Cowen raised their price target on Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Raymond James Financial restated an “outperform” rating and set a $105.00 price objective on shares of Global Payments in a report on Tuesday, November 4th. Finally, Cowen reiterated a “hold” rating on shares of Global Payments in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.29.

Global Payments Stock Down 1.6%

Shares of NYSE:GPN opened at $80.80 on Friday. The business’s 50 day moving average is $79.48 and its 200 day moving average is $81.79. The stock has a market cap of $19.13 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 0.78 and a beta of 0.82. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $115.19. 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 earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.03. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Sell-side analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm 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 1.2%. Global Payments’s dividend payout ratio (DPR) is 14.04%.

Insider Buying and Selling at Global Payments

In related news, EVP David M. Sheffield sold 2,016 shares of Global Payments stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,438 shares of the company’s stock, valued at $1,175,397.58. This trade represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the stock in a transaction on Thursday, December 11th. The shares were bought at an average price of $81.42 per share, with a total value of $846,116.64. Following the acquisition, the director owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This trade represents a 21.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 14,723 shares of company stock worth $1,186,772 and have sold 18,080 shares worth $1,439,350. Company insiders own 1.01% of the company’s stock.

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.