Global Payments Inc. $GPN Shares Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd raised its holdings in shares of Global Payments Inc. (NYSE:GPN) by 58.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 284,000 shares of the business services provider’s stock after buying an additional 104,371 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Global Payments were worth $23,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GPN. Brighton Jones LLC acquired a new position in Global Payments during the fourth quarter valued at $725,000. Caxton Associates LLP purchased a new position in shares of Global Payments during the 1st quarter valued at about $243,000. Intech Investment Management LLC lifted its holdings in shares of Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 4,386 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Global Payments by 45.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 967 shares of the business services provider’s stock valued at $77,000 after buying an additional 301 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of Global Payments by 27.8% in the second quarter. V Square Quantitative Management LLC now owns 3,320 shares of the business services provider’s stock worth $266,000 after buying an additional 723 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Global Payments

In related news, Director Patricia A. Watson purchased 1,331 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $75.06 per share, with a total value of $99,904.86. Following the purchase, 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. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Lawrence Green sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total value of $927,884.00. Following the sale, the insider owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. This trade represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders bought 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. 1.01% of the stock is owned by corporate insiders.

Global Payments Trading Down 1.0%

Shares of GPN stock opened at $71.26 on Friday. 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 PEG 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. The stock has a 50 day simple moving average of $77.57 and a 200-day simple moving average of $81.46.

Global Payments (NYSE:GPN) last issued its quarterly 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 company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same quarter in the previous year, the firm earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were given a dividend of $0.25 per share. 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 dividend payout ratio is 14.04%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Rothschild & Co Redburn lifted their price target on Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research report on Wednesday, December 3rd. Truist Financial set a $85.00 price objective on shares of Global Payments in a research note on Tuesday, January 20th. UBS Group reaffirmed a “neutral” rating and set a $93.00 target price on shares of Global Payments in a report on Wednesday, January 21st. Zacks Research upgraded shares of Global Payments to a “hold” rating in a research note on Tuesday, November 18th. Finally, KeyCorp lowered shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.