Global Payments Inc. $GPN Shares Sold by Boston Partners

Boston Partners cut its holdings in Global Payments Inc. (NYSE:GPN) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 735,944 shares of the business services provider’s stock after selling 11,629 shares during the period. Boston Partners owned 0.30% of Global Payments worth $58,892,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Pettee Investors Inc. increased its stake in shares of Global Payments by 24.1% during the 2nd quarter. Pettee Investors Inc. now owns 15,672 shares of the business services provider’s stock valued at $1,254,000 after acquiring an additional 3,040 shares during the last quarter. Malaga Cove Capital LLC grew its holdings in Global Payments by 85.0% in the first quarter. Malaga Cove Capital LLC now owns 15,094 shares of the business services provider’s stock valued at $1,478,000 after purchasing an additional 6,933 shares during the period. National Pension Service grew its holdings in Global Payments by 4.8% in the first quarter. National Pension Service now owns 397,851 shares of the business services provider’s stock valued at $38,958,000 after purchasing an additional 18,334 shares during the period. Sound Income Strategies LLC increased its position in Global Payments by 7.9% during the second quarter. Sound Income Strategies LLC now owns 60,905 shares of the business services provider’s stock worth $4,875,000 after purchasing an additional 4,478 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. raised its stake in Global Payments by 6.3% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 366,389 shares of the business services provider’s stock worth $35,877,000 after purchasing an additional 21,686 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Buying and Selling at Global Payments

In other Global Payments news, Director Patricia A. Watson bought 1,331 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired 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. The trade was a 100.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.01% of the stock is owned by corporate insiders.

Global Payments Stock Up 0.2%

Shares of NYSE:GPN opened at $77.40 on Thursday. The company has a market capitalization of $18.32 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The company has a 50 day moving average of $84.28 and a two-hundred day moving average of $81.98. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $120.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

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

Global Payments Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Global Payments’s dividend payout ratio is presently 14.04%.

Analysts Set New Price Targets

GPN has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Global Payments from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a research report on Wednesday, October 22nd. B. Riley restated a “buy” rating on shares of Global Payments in a research note on Wednesday, July 16th. Royal Bank Of Canada raised their price objective on Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 5th. Finally, Mizuho upgraded Global Payments from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $86.00 to $114.00 in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.