K.J. Harrison & Partners Inc Purchases Shares of 17,200 Global Payments Inc. $GPN

K.J. Harrison & Partners Inc acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,200 shares of the business services provider’s stock, valued at approximately $1,486,000.

Other hedge funds have also made changes to their positions in the company. Thomasville National Bank lifted its position in shares of Global Payments by 0.7% during the 3rd quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock worth $1,483,000 after buying an additional 125 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Global Payments by 23.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock worth $67,000 after buying an additional 152 shares during the last quarter. Swedbank AB increased its position in Global Payments by 0.3% in the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock valued at $4,252,000 after acquiring an additional 154 shares during the period. Oakworth Capital Inc. raised its stake in shares of Global Payments by 1.7% during the third quarter. Oakworth Capital Inc. now owns 11,271 shares of the business services provider’s stock worth $936,000 after purchasing an additional 186 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its position in Global Payments by 4.8% during the 2nd quarter. Samalin Investment Counsel LLC now owns 4,308 shares of the business services provider’s stock worth $345,000 after buying an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.6%

GPN opened at $77.87 on Thursday. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $106.07. The firm has a market capitalization of $21.80 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.49 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $75.84 and its 200-day moving average is $80.36.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company posted $2.85 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s dividend payout ratio is currently 17.27%.

Insider Buying and Selling at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total transaction of $927,884.00. Following the completion of the transaction, the insider directly owned 68,096 shares of the company’s stock, valued at $5,446,999.04. This trade represents a 14.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was bought 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 in the company, valued at approximately $4,828,450.26. The trade was a 21.25% increase in their position. The SEC filing for this purchase provides additional information. 1.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $88.00 price target (up from $80.00) on shares of Global Payments in a report on Monday. BNP Paribas Exane raised their price objective on shares of Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a research note on Thursday, February 19th. UBS Group reissued a “neutral” rating and issued a $87.00 target price (up from $80.00) on shares of Global Payments in a research note on Thursday, February 19th. Jefferies Financial Group reduced their price target on Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, Rothschild & Co Redburn increased their price objective on shares of Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $91.52.

Global Payments Profile

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.