Global Payments Inc. $GPN Stock Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in shares of Global Payments Inc. (NYSE:GPN) by 99.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,124,558 shares of the business services provider’s stock after buying an additional 560,936 shares during the period. Hsbc Holdings PLC’s holdings in Global Payments were worth $89,820,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LRI Investments LLC grew 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 purchasing an additional 133 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Global Payments in the first quarter worth about $37,000. Quarry LP acquired a new stake in Global Payments in the 1st quarter worth $42,000. WPG Advisers LLC bought a new stake in shares of Global Payments during the first quarter valued at approximately $49,000. Finally, MTM Investment Management LLC bought a new position in Global Payments during the second quarter worth about $50,000. 89.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Connie D. Mcdaniel sold 4,464 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the completion of the sale, the director directly owned 30,014 shares in the company, valued at $2,335,389.34. This represents a 12.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patricia A. Watson bought 1,331 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased 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 of the company’s stock, valued at $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 owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI reduced their price target on shares of Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. Cowen reissued a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Global Payments from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Citigroup upgraded Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, UBS Group raised their target price on shares of Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $103.90.

Global Payments Stock Performance

NYSE GPN opened at $76.78 on Friday. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a twelve month low of $65.93 and a twelve month 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. The stock has a fifty day simple moving average of $81.31 and a 200 day simple moving average of $81.55.

Global Payments (NYSE:GPN) last posted its quarterly 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. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the company posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Sell-side analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently declared 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. 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 payout ratio is currently 14.04%.

About Global Payments

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.