David Lawrence Green Sells 11,600 Shares of Global Payments (NYSE:GPN) Stock

Global Payments Inc. (NYSE:GPN) insider David Lawrence Green sold 11,600 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total transaction of $927,884.00. Following the sale, the insider owned 68,096 shares in the company, valued at approximately $5,446,999.04. This trade represents a 14.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Global Payments Stock Down 1.0%

Shares of NYSE:GPN opened at $78.91 on Friday. The firm has a market capitalization of $18.68 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $118.86. The firm has a fifty day moving average of $80.59 and a 200 day moving average of $81.44.

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

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s dividend payout ratio is currently 14.04%.

Wall Street Analyst Weigh In

Several research analysts have commented on GPN shares. TD Cowen lifted their price target on shares of Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Zacks Research raised shares of Global Payments to a “hold” rating in a report on Tuesday, November 18th. Truist Financial lowered their price target on shares of Global Payments from $90.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, November 13th. Jefferies Financial Group cut their price target on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Finally, Cowen reaffirmed a “hold” rating on shares of Global Payments in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Global Payments has an average rating of “Hold” and an average target price of $102.29.

Institutional Investors Weigh In On Global Payments

A number of large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its stake in shares of Global Payments by 242.2% during 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 during the last quarter. Root Financial Partners LLC purchased a new position in Global Payments during the 3rd quarter valued at about $27,000. SouthState Bank Corp bought a new position in Global Payments during the 3rd quarter valued at approximately $28,000. REAP Financial Group LLC bought a new stake in shares of Global Payments in the 3rd quarter worth approximately $28,000. Finally, LRI Investments LLC increased its stake in shares of Global Payments by 53.4% during the second 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. Institutional investors own 89.76% of the company’s stock.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.