Steward Partners Investment Advisory LLC Grows Holdings in Global Payments Inc. $GPN

Steward Partners Investment Advisory LLC lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,477 shares of the business services provider’s stock after buying an additional 2,786 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Global Payments were worth $5,241,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GPN. LRI Investments LLC boosted its position 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 acquiring an additional 133 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Global Payments in the 1st quarter valued at $37,000. Quarry LP purchased a new position in shares of Global Payments during the 1st quarter worth $42,000. WPG Advisers LLC acquired a new stake in shares of Global Payments during the first quarter worth $49,000. Finally, MTM Investment Management LLC purchased a new stake in shares of Global Payments in the second quarter valued at $50,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GPN shares. UBS Group increased their target price on Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. TD Cowen upped their price target on shares of Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Finally, Evercore ISI cut their price target on shares of Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.90.

Global Payments Trading Up 1.2%

NYSE GPN opened at $74.94 on Thursday. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. Global Payments Inc. has a one year low of $65.93 and a one year high of $120.00. The company’s 50 day moving average price is $81.73 and its 200 day moving average price is $81.65.

Global Payments (NYSE:GPN) last released its quarterly earnings data 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 net margin of 15.07% and a return on equity of 12.47%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, sell-side analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given 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 (DPR) is 14.04%.

Insider Activity

In related news, Director Patricia A. Watson purchased 1,331 shares of Global Payments stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $75.06 per share, with a total value of $99,904.86. Following the transaction, the director owned 2,651 shares of the company’s stock, valued at approximately $198,984.06. The trade was a 100.83% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Connie D. Mcdaniel sold 4,464 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total transaction of $347,343.84. Following the completion of the sale, the director directly owned 30,014 shares of the company’s stock, valued at $2,335,389.34. This trade represents a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.01% of the stock is owned by corporate insiders.

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.