Power Wealth Management LLC Has $612,000 Stake in Global Payments Inc. $GPN

Power Wealth Management LLC lowered its holdings in shares of Global Payments Inc. (NYSE:GPN) by 19.1% during the second quarter, Holdings Channel reports. The institutional investor owned 7,640 shares of the business services provider’s stock after selling 1,801 shares during the quarter. Power Wealth Management LLC’s holdings in Global Payments were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in GPN. Zions Bancorporation National Association UT acquired a new stake in shares of Global Payments during the 1st quarter valued at about $37,000. LRI Investments LLC lifted its stake in 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 purchasing an additional 133 shares during the period. Quarry LP bought a new stake in shares of Global Payments in the 1st quarter valued at approximately $42,000. WPG Advisers LLC acquired a new stake in shares of Global Payments during the first quarter worth approximately $49,000. Finally, MTM Investment Management LLC bought a new position in shares of Global Payments in the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GPN shares. Royal Bank Of Canada raised their price target on Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a report on Wednesday, November 5th. Truist Financial reduced their price target on shares of Global Payments from $90.00 to $84.00 and set a “hold” rating on the stock in a research report on Thursday, November 13th. KeyCorp cut shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their target price on shares of Global Payments from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Citigroup raised shares of Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and an average target price of $103.90.

Global Payments Price Performance

Shares of GPN opened at $71.51 on Friday. The stock has a market cap of $16.93 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $120.00. The stock’s 50-day moving average price is $82.61 and its two-hundred day moving average price is $81.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Global Payments (NYSE:GPN) last released its quarterly earnings data 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 net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, December 12th. Global Payments’s dividend payout ratio is 14.04%.

Insider Activity

In related news, Director Patricia A. Watson acquired 1,331 shares of the 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 directly owned 2,651 shares of the company’s stock, valued at approximately $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. Also, Director Connie D. Mcdaniel sold 4,464 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the sale, the director owned 30,014 shares in the company, valued at approximately $2,335,389.34. The trade was a 12.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.01% of the company’s stock.

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.