Global Payments Inc. $GPN Shares Bought by BIP Wealth LLC

BIP Wealth LLC raised its stake in shares of Global Payments Inc. (NYSE:GPN) by 151.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,103 shares of the business services provider’s stock after buying an additional 18,138 shares during the period. BIP Wealth LLC’s holdings in Global Payments were worth $2,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thomasville National Bank lifted its holdings in Global Payments by 0.7% in the 3rd quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock valued at $1,483,000 after acquiring an additional 125 shares during the last quarter. LRI Investments LLC increased its stake 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 period. Swedbank AB raised its holdings in shares of Global Payments by 0.3% during the third quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after acquiring an additional 154 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Global Payments by 5.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,320 shares of the business services provider’s stock valued at $266,000 after buying an additional 161 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Global Payments by 0.5% during the 2nd quarter. Yousif Capital Management LLC now owns 33,587 shares of the business services provider’s stock valued at $2,688,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Global Payments in a research report on Wednesday, January 14th. They set a “hold” rating and a $80.00 target price for the company. Jefferies Financial Group decreased their target price on Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Evercore ISI lowered their target price on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Royal Bank Of Canada upped their price target 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, Rothschild & Co Redburn raised their price objective on shares of Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $98.67.

Insider Buying and Selling

In related news, Director Connie D. Mcdaniel sold 4,464 shares of Global Payments stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total transaction of $347,343.84. Following the completion of the transaction, the director directly owned 30,014 shares of the company’s stock, valued at $2,335,389.34. This trade represents a 12.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David M. Sheffield sold 2,016 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the completion of the transaction, the executive vice president owned 14,438 shares in the company, valued at approximately $1,175,397.58. This trade represents a 12.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 14,723 shares of company stock worth $1,186,772 and have sold 18,080 shares worth $1,439,350. 1.01% of the stock is currently owned by company insiders.

Global Payments Stock Up 2.4%

NYSE GPN opened at $73.39 on Thursday. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $114.17. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.47 and a beta of 0.79. The stock’s 50 day moving average is $77.45 and its two-hundred day moving average is $81.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57.

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 the consensus estimate of $3.23 by $0.03. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.During the same quarter last year, the company earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities 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 announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, December 12th. Global Payments’s payout ratio is currently 14.04%.

Global Payments 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.