Global Payments Inc. (GPN) to Issue Quarterly Dividend of $0.25 on March 30th

Global Payments Inc. (NYSE:GPN) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 9th will be paid a dividend of 0.25 per share by the business services provider on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, March 9th.

Global Payments has raised its dividend payment by an average of 0.1%per year over the last three years. Global Payments has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Global Payments to earn $13.49 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.4%.

Global Payments Price Performance

GPN stock opened at $76.39 on Friday. The stock has a 50-day moving average price of $75.32 and a two-hundred day moving average price of $80.03. Global Payments has a 1 year low of $65.93 and a 1 year high of $101.32. The stock has a market cap of $21.38 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.43 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts forecast that Global Payments will post 11.89 EPS for the current fiscal year.

Insider Activity at Global Payments

In other Global Payments news, EVP David M. Sheffield sold 2,016 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the sale, the executive vice president directly owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was purchased at an average price 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. The trade was a 21.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Global Payments

A number of institutional investors and hedge funds have recently modified their holdings of the company. Independent Advisor Alliance boosted its stake in shares of Global Payments by 260.5% during the 3rd quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after acquiring an additional 21,278 shares during the period. BIP Wealth LLC raised its stake in Global Payments by 151.6% in the 3rd quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock valued at $2,501,000 after acquiring an additional 18,138 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Global Payments during the 3rd quarter valued at $905,000. HB Wealth Management LLC lifted its holdings in Global Payments by 213.9% during the 3rd quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock valued at $3,062,000 after purchasing an additional 25,118 shares during the last quarter. Finally, Saiph Capital LLC bought a new position in Global Payments during the second quarter worth $7,269,000. 89.76% of the stock is owned by institutional investors.

About Global Payments

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.