Pacer Advisors Inc. Purchases 16,535 Shares of Global Payments Inc. $GPN

Pacer Advisors Inc. increased its holdings in Global Payments Inc. (NYSE:GPN) by 82.6% during the third quarter, HoldingsChannel reports. The fund owned 36,562 shares of the business services provider’s stock after acquiring an additional 16,535 shares during the quarter. Pacer Advisors Inc.’s holdings in Global Payments were worth $3,038,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GPN. LRI Investments LLC raised its position in Global Payments by 53.4% in the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $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 about $42,000. MTM Investment Management LLC bought a new position in shares of Global Payments during the second quarter valued at about $50,000. CYBER HORNET ETFs LLC purchased a new position in Global Payments during the second quarter worth about $55,000. Finally, Andra AP fonden purchased a new position in Global Payments during the second quarter worth about $56,000. Institutional investors own 89.76% of the company’s stock.

Insider Buying and Selling

In other Global Payments news, EVP David M. Sheffield sold 2,016 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $81.41, for a total transaction of $164,122.56. Following the sale, the executive vice president owned 14,438 shares in the company, valued at $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patricia A. Watson purchased 1,331 shares of Global Payments stock in a transaction dated Friday, November 7th. The stock was bought at an average price 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 of the company’s stock, valued at $198,984.06. This represents a 100.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. Corporate insiders own 1.01% of the company’s stock.

Global Payments Stock Down 0.8%

Shares of NYSE GPN opened at $79.36 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $18.79 billion, a PE ratio of 11.15, a P/E/G ratio of 0.76 and a beta of 0.82. Global Payments Inc. has a one year low of $65.93 and a one year high of $115.19. The business’s fifty day moving average price is $78.76 and its 200-day moving average price is $82.01.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.During the same period in the previous year, the business posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Global Payments’s dividend payout ratio is presently 14.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GPN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research note on Wednesday, October 8th. Citigroup upgraded Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. Zacks Research raised Global Payments to a “hold” rating in a research report on Tuesday, November 18th. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, TD Cowen lifted their target price on Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.29.

Global Payments Company Profile

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.