Global Payments Inc. $GPN Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in Global Payments Inc. (NYSE:GPN) by 25.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,040 shares of the business services provider’s stock after selling 14,268 shares during the period. Savant Capital LLC’s holdings in Global Payments were worth $3,285,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC raised its position in Global Payments by 53.4% in the second 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. MassMutual Private Wealth & Trust FSB boosted its position in shares of Global Payments by 5.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider’s stock worth $242,000 after buying an additional 158 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Global Payments by 5.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,320 shares of the business services provider’s stock valued at $266,000 after buying an additional 161 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Global Payments by 4.1% in the first quarter. Pinnacle Associates Ltd. now owns 4,342 shares of the business services provider’s stock valued at $425,000 after buying an additional 171 shares in the last quarter. Finally, WESCAP Management Group Inc. raised its holdings in shares of Global Payments by 2.5% during the 1st quarter. WESCAP Management Group Inc. now owns 7,102 shares of the business services provider’s stock valued at $695,000 after buying an additional 176 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GPN. Evercore ISI upped their price target on Global Payments from $85.00 to $90.00 and gave the stock an “in-line” rating in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Wells Fargo & Company raised shares of Global Payments to a “strong-buy” rating in a report on Wednesday, October 22nd. Citigroup upgraded shares of Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, KeyCorp cut shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.10.

Global Payments Stock Down 0.5%

Shares of Global Payments stock opened at $75.96 on Monday. The business has a 50-day moving average price of $84.93 and a 200 day moving average price of $81.95. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The firm has a market cap of $17.98 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.76 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

Global Payments (NYSE:GPN) last released its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.During the same quarter last year, the business posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, sell-side analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

Global Payments Profile

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.