Roberts Glore & Co. Inc. IL Decreases Stake in Global Payments Inc. $GPN

Roberts Glore & Co. Inc. IL lessened its holdings in shares of Global Payments Inc. (NYSE:GPN) by 53.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,410 shares of the business services provider’s stock after selling 3,923 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Global Payments were worth $273,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GPN. LRI Investments LLC grew its stake in Global Payments by 53.4% during the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after buying an additional 133 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Global Payments by 5.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 158 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Global Payments by 5.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,320 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 161 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in Global Payments by 4.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 4,342 shares of the business services provider’s stock worth $425,000 after purchasing an additional 171 shares during the period. Finally, WESCAP Management Group Inc. increased its holdings in Global Payments by 2.5% in the 1st quarter. WESCAP Management Group Inc. now owns 7,102 shares of the business services provider’s stock valued at $695,000 after purchasing an additional 176 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

Global Payments stock opened at $75.96 on Monday. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $120.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market cap of $17.98 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The stock has a 50 day moving average of $84.93 and a 200-day moving average of $81.95.

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 analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GPN. B. Riley restated a “buy” rating on shares of Global Payments in a research note on Wednesday, July 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a report on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Global Payments in a report on Wednesday. TD Cowen increased their price objective on shares of Global Payments from $92.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $105.00 price objective on shares of Global Payments in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.10.

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.