Value Holdings Management CO. LLC Grows Stake in Global Payments Inc. $GPN

Value Holdings Management CO. LLC lifted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,912 shares of the business services provider’s stock after buying an additional 13,000 shares during the period. Global Payments makes up about 3.8% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 10th largest holding. Value Holdings Management CO. LLC owned about 0.11% of Global Payments worth $21,763,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC grew its stake in shares of Global Payments by 53.4% in the second 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. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 purchasing an additional 158 shares during the period. Valeo Financial Advisors LLC grew its position in Global Payments by 5.1% in the 2nd 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. increased its stake 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 valued at $425,000 after buying an additional 171 shares during the period. Finally, WESCAP Management Group Inc. increased its stake in 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of research analyst reports. Mizuho raised shares of Global Payments from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $86.00 to $114.00 in a research note on Friday, July 25th. Citigroup upgraded Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. Cowen reiterated a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. KeyCorp lowered Global Payments from an “overweight” rating to a “sector weight” rating in a report on Wednesday, October 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $105.00 target price on shares of Global Payments in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.90.

Global Payments Stock Performance

GPN opened at $74.12 on Friday. The business has a fifty day simple moving average of $83.77 and a 200-day simple moving average of $81.93. The firm has a market cap of $17.55 billion, a PE ratio of 12.96, 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 Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.47% and a net margin of 15.07%.During the same period in the prior year, the business posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, equities analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

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

Insider Buying and Selling

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