Cramer Rosenthal Mcglynn LLC Sells 86,360 Shares of Global Payments Inc. $GPN

Cramer Rosenthal Mcglynn LLC trimmed its position in Global Payments Inc. (NYSE:GPN) by 54.8% in the third quarter, Holdings Channel reports. The fund owned 71,256 shares of the business services provider’s stock after selling 86,360 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Global Payments were worth $5,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPN. Aptus Capital Advisors LLC boosted its stake in shares of Global Payments by 8.7% during the third quarter. Aptus Capital Advisors LLC now owns 6,392 shares of the business services provider’s stock valued at $531,000 after purchasing an additional 509 shares in the last quarter. Advisory Alpha LLC bought a new position in Global Payments in the 3rd quarter valued at approximately $250,000. Dimensional Fund Advisors LP boosted its position in Global Payments by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,126,628 shares of the business services provider’s stock worth $176,744,000 after buying an additional 8,952 shares during the period. Montag A & Associates Inc. grew its holdings in Global Payments by 4.0% during the 3rd quarter. Montag A & Associates Inc. now owns 14,662 shares of the business services provider’s stock worth $1,218,000 after acquiring an additional 569 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in Global Payments by 19.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 214,232 shares of the business services provider’s stock valued at $17,798,000 after acquiring an additional 34,603 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of GPN opened at $78.32 on Friday. The firm has a market cap of $21.92 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.43 and a beta of 0.73. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $101.32. The business’s 50 day moving average price is $75.40 and its two-hundred day moving average price is $80.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. Global Payments’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts anticipate 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 Monday, March 30th. Stockholders of record on Monday, March 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, March 9th. Global Payments’s dividend payout ratio is 17.27%.

Insider Activity

In other news, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $81.42 per share, with a total value of $846,116.64. Following the transaction, the director directly owned 59,303 shares of the company’s stock, valued at approximately $4,828,450.26. This represents a 21.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David M. Sheffield sold 2,016 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $81.41, for a total value of $164,122.56. Following the completion of the transaction, the executive vice president owned 14,438 shares in the company, valued at approximately $1,175,397.58. The trade was a 12.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on GPN. JPMorgan Chase & Co. reduced their price objective on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Rothschild & Co Redburn upped their price target on Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a $97.00 price objective (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. Truist Financial set a $85.00 price objective on Global Payments in a research note on Tuesday, January 20th. Finally, BNP Paribas Exane increased their target price on shares of Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $91.52.

About Global Payments

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.