AustralianSuper Pty Ltd Buys 104,371 Shares of Global Payments Inc. $GPN

AustralianSuper Pty Ltd increased its position in Global Payments Inc. (NYSE:GPN) by 58.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,000 shares of the business services provider’s stock after purchasing an additional 104,371 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.12% of Global Payments worth $23,595,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. raised its holdings in shares of Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Root Financial Partners LLC bought a new position in Global Payments during the 3rd quarter worth about $27,000. LRI Investments LLC increased 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 valued at $31,000 after purchasing an additional 133 shares during the period. Mather Group LLC. purchased a new position in Global Payments during the 3rd quarter valued at about $37,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Global Payments by 103.7% in the 3rd quarter. Cromwell Holdings LLC now owns 497 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 253 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Down 1.0%

Shares of GPN stock opened at $71.26 on Friday. The stock’s fifty day moving average price is $77.57 and its 200 day moving average price is $81.46. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $114.17. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.47 and a beta of 0.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85.

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

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Global Payments’s dividend payout ratio is presently 14.04%.

Insiders Place Their Bets

In other news, Director Patricia A. Watson bought 1,331 shares of Global Payments stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Connie D. Mcdaniel sold 4,464 shares of Global Payments stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total value of $347,343.84. Following the sale, the director directly owned 30,014 shares of the company’s stock, valued at approximately $2,335,389.34. This represents a 12.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 14,723 shares of company stock valued at $1,186,772 and have sold 18,080 shares valued at $1,439,350. Corporate insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GPN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and issued a $93.00 price target on shares of Global Payments in a report on Wednesday, January 21st. Jefferies Financial Group decreased their price objective 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. Cantor Fitzgerald raised Global Payments to a “hold” rating in a research report on Tuesday. Finally, Rothschild & Co Redburn boosted their target price on shares of Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a report on Wednesday, December 3rd. Two 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.82.

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.