Global Payments (NYSE:GPN) Director Robert Baldwin, Jr. Buys 3,000 Shares of Stock

Global Payments Inc. (NYSE:GPN) Director Robert Baldwin, Jr. acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were bought at an average cost of $80.25 per share, with a total value of $240,750.00. Following the purchase, the director owned 48,911 shares of the company’s stock, valued at approximately $3,925,107.75. This trade represents a 6.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Global Payments Stock Up 0.1%

Shares of NYSE GPN opened at $82.04 on Friday. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.78 and a beta of 0.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average is $80.00 and its 200 day moving average is $81.57. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $116.16.

Global Payments (NYSE:GPN) last announced 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. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same quarter last year, the firm earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. Global Payments’s dividend payout ratio is presently 14.04%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Cowen reissued a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. Raymond James Financial restated an “outperform” rating and issued a $105.00 price objective on shares of Global Payments in a report on Tuesday, November 4th. Rothschild & Co Redburn upped their target price on Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a report on Wednesday, December 3rd. Truist Financial lowered their target price on Global Payments from $90.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, November 13th. Finally, KeyCorp lowered 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 given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GPN. North Star Investment Management Corp. increased its position in shares of Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Global Payments during the 3rd quarter valued at $27,000. REAP Financial Group LLC bought a new stake in shares of Global Payments in the 3rd quarter worth $28,000. SouthState Bank Corp purchased a new position in shares of Global Payments in the third quarter worth $28,000. Finally, LRI Investments LLC lifted its holdings in shares of Global Payments by 53.4% during 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 in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

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.