Global Payments Inc. (GPN) To Go Ex-Dividend on December 12th

Global Payments Inc. (NYSE:GPN) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Friday, December 12th will be given a dividend of 0.25 per share by the business services provider on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, December 12th.

Global Payments has raised its dividend payment by an average of 0.3%per year over the last three years. Global Payments has a payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Global Payments to earn $13.49 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.4%.

Global Payments Stock Down 0.9%

Shares of NYSE:GPN opened at $79.25 on Thursday. The company has a market cap of $19.23 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The firm has a 50 day simple moving average of $85.43 and a 200 day simple moving average of $81.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. Global Payments has a 52 week low of $65.93 and a 52 week high of $120.00.

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, beating the consensus estimate of $3.23 by $0.03. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, research analysts expect that Global Payments will post 11.89 earnings per share for the current year.

Institutional Investors Weigh In On Global Payments

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC raised its holdings in Global Payments by 32.6% during the 2nd quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock worth $884,462,000 after purchasing an additional 2,716,156 shares during the last quarter. Glenview Capital Management LLC grew its position in shares of Global Payments by 13.8% during the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after buying an additional 523,209 shares during the period. Norges Bank bought a new stake in shares of Global Payments during the second quarter worth approximately $273,844,000. Massachusetts Financial Services Co. MA lifted its holdings in Global Payments by 5.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,070,960 shares of the business services provider’s stock valued at $165,760,000 after buying an additional 98,815 shares during the period. Finally, Amundi boosted its stake in Global Payments by 77.5% in the first quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock valued at $186,107,000 after acquiring an additional 874,175 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Company 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.