Global Payments Inc. $GPN Shares Purchased by Carlson Capital L.P.

Carlson Capital L.P. increased its position in Global Payments Inc. (NYSE:GPN) by 62.0% in the second quarter, HoldingsChannel.com reports. The fund owned 8,100 shares of the business services provider’s stock after buying an additional 3,100 shares during the period. Carlson Capital L.P.’s holdings in Global Payments were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC raised its stake in shares of Global Payments by 32.6% in the second 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. Nuveen LLC acquired a new position in Global Payments in the 1st quarter worth approximately $94,107,000. Amundi increased its holdings in Global Payments by 77.5% in the 1st quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock worth $186,107,000 after buying an additional 874,175 shares during the period. National Bank of Canada FI raised its position in Global Payments by 346.9% during the 1st quarter. National Bank of Canada FI now owns 912,667 shares of the business services provider’s stock worth $89,368,000 after buying an additional 708,451 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Global Payments during the 1st quarter valued at approximately $66,441,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Up 1.2%

Shares of Global Payments stock opened at $74.94 on Thursday. The firm has a 50-day simple moving average of $81.73 and a two-hundred day simple moving average of $81.65. 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 Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The company has a market cap of $17.74 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95.

Global Payments (NYSE:GPN) last announced 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 $2.43 billion during 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 quarter in the previous year, the business earned $3.08 EPS. 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 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm 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 dividend of $0.25 per share. The ex-dividend date is Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is 14.04%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cowen reaffirmed a “hold” rating on shares of Global Payments in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. TD Cowen increased their price target on Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. KeyCorp lowered Global Payments from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, October 22nd. Finally, UBS Group upped their target price on Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $103.90.

Global Payments 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.