Cramer Rosenthal Mcglynn LLC Has $5.92 Million Stock Position in Global Payments Inc. $GPN

Cramer Rosenthal Mcglynn LLC lessened its position in Global Payments Inc. (NYSE:GPN) by 54.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,256 shares of the business services provider’s stock after selling 86,360 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Global Payments were worth $5,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GPN. Brighton Jones LLC acquired a new stake in shares of Global Payments in the fourth quarter valued at approximately $725,000. Caxton Associates LLP acquired a new stake in Global Payments during the 1st quarter valued at $243,000. Intech Investment Management LLC boosted its position in Global Payments by 43.5% during the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after purchasing an additional 4,386 shares during the period. Assetmark Inc. increased its holdings in shares of Global Payments by 82.0% in the second quarter. Assetmark Inc. now owns 8,738 shares of the business services provider’s stock valued at $699,000 after purchasing an additional 3,938 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Global Payments by 24.6% during the 2nd quarter. Huntington National Bank now owns 1,514 shares of the business services provider’s stock worth $121,000 after buying an additional 299 shares during the last quarter. 89.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial set a $85.00 price objective on shares of Global Payments in a research report on Tuesday, January 20th. Raymond James Financial upgraded Global Payments to a “moderate buy” rating in a research note on Wednesday, February 18th. Keefe, Bruyette & Woods boosted their price target on Global Payments from $87.00 to $90.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Stephens decreased their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, January 16th. Finally, Evercore reduced their target price on shares of Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus target price of $91.52.

Global Payments Stock Performance

GPN opened at $78.32 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $101.32. The firm has a market cap of $21.92 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.43 and a beta of 0.73. The business’s fifty day moving average is $75.40 and its 200-day moving average is $80.09.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.02. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. Global Payments’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 9th. Global Payments’s payout ratio is currently 17.27%.

Insider Buying and Selling at Global Payments

In related news, EVP David M. Sheffield sold 2,016 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $81.41, for a total value of $164,122.56. Following the sale, the executive vice president directly owned 14,438 shares of the company’s stock, valued at $1,175,397.58. This trade represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the stock in a transaction on Thursday, December 11th. The shares were acquired at an average cost of $81.42 per share, with a total value of $846,116.64. Following the purchase, the director owned 59,303 shares of the company’s stock, valued at approximately $4,828,450.26. This represents a 21.25% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.01% of the stock is owned by corporate insiders.

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.