National Pension Service Has $32.07 Million Position in Global Payments Inc. $GPN

National Pension Service raised its stake in shares of Global Payments Inc. (NYSE:GPN) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 400,720 shares of the business services provider’s stock after acquiring an additional 2,869 shares during the quarter. National Pension Service owned approximately 0.16% of Global Payments worth $32,074,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC increased its position in shares of Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after purchasing an additional 133 shares in the last quarter. Larson Financial Group LLC boosted its position in Global Payments by 546.6% in the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock valued at $37,000 after buying an additional 317 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Global Payments in the first quarter valued at about $37,000. Quarry LP bought a new stake in Global Payments during the first quarter worth about $42,000. Finally, WPG Advisers LLC acquired a new stake in shares of Global Payments during the first quarter worth approximately $49,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GPN shares. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Global Payments from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Citigroup upgraded Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. UBS Group raised their target price on Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their price target on Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $103.90.

Insider Transactions at Global Payments

In other news, Director Connie D. Mcdaniel sold 4,464 shares of Global Payments stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the transaction, the director owned 30,014 shares in the company, valued at $2,335,389.34. The trade was a 12.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patricia A. Watson purchased 1,331 shares of the business’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $75.06 per share, for a total transaction of $99,904.86. Following the purchase, the director owned 2,651 shares of the company’s stock, valued at approximately $198,984.06. This represents a 100.83% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.01% of the stock is currently owned by insiders.

Global Payments Trading Down 1.8%

GPN stock opened at $74.12 on Friday. The company has a market cap of $17.55 billion, a P/E ratio of 12.96, a PEG ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $83.77 and a 200-day moving average of $81.93.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. During the same period in the previous year, the firm posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, equities research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. 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.