Global Payments Inc. $GPN Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its position in Global Payments Inc. (NYSE:GPN) by 35.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,200 shares of the business services provider’s stock after purchasing an additional 1,627 shares during the period. Jefferies Financial Group Inc.’s holdings in Global Payments were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new stake in Global Payments in the first quarter valued at approximately $37,000. LRI Investments LLC grew its position in shares of Global Payments by 53.4% during the second 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 last quarter. Quarry LP acquired a new position in shares of Global Payments in the 1st quarter valued at $42,000. WPG Advisers LLC acquired a new position in shares of Global Payments in the 1st quarter valued at $49,000. Finally, MTM Investment Management LLC purchased a new stake in Global Payments in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Insiders Place Their Bets

In other Global Payments news, Director Connie D. Mcdaniel sold 4,464 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total transaction of $347,343.84. Following the sale, the director directly owned 30,014 shares in the company, valued at approximately $2,335,389.34. The trade was a 12.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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, for a total transaction of $99,904.86. Following the completion of the purchase, 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. 1.01% of the stock is currently owned by company insiders.

Global Payments Trading Up 1.2%

NYSE GPN opened at $74.94 on Friday. 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 stock has a market capitalization of $17.74 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $120.00. The firm has a 50-day moving average price of $81.51 and a 200 day moving average price of $81.60.

Global Payments (NYSE:GPN) last announced its quarterly earnings data 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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the company earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Evercore ISI lowered their price objective on shares of Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. UBS Group increased their target price on shares of Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price target on Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 5th. Zacks Research raised Global Payments to a “hold” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $103.90.

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.