Vinva Investment Management Ltd Increases Stake in Global Payments Inc. $GPN

Vinva Investment Management Ltd boosted its stake in Global Payments Inc. (NYSE:GPN) by 531.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,796 shares of the business services provider’s stock after purchasing an additional 222,877 shares during the period. Vinva Investment Management Ltd owned about 0.11% of Global Payments worth $20,950,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GPN. LRI Investments LLC raised its stake 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 acquiring an additional 133 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Global Payments during the 1st quarter valued at about $37,000. Quarry LP bought a new position in Global Payments during the 1st quarter valued at approximately $42,000. WPG Advisers LLC purchased a new stake in Global Payments in the 1st quarter worth approximately $49,000. Finally, MTM Investment Management LLC purchased a new stake in Global Payments in the 2nd quarter worth approximately $50,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Global Payments

In other news, Director Connie D. Mcdaniel sold 4,464 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,335,389.34. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia A. Watson purchased 1,331 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the completion of the acquisition, the director directly owned 2,651 shares in the company, valued at $198,984.06. The trade was a 100.83% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on GPN shares. Jefferies Financial Group cut their target price on Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $105.00 price objective on shares of Global Payments in a report on Tuesday, November 4th. KeyCorp cut Global Payments from an “overweight” rating to a “sector weight” rating in a report on Wednesday, October 22nd. Finally, UBS Group upped their price objective on Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, Global Payments currently has an average rating of “Hold” and an average target price of $103.90.

Global Payments Stock Performance

NYSE GPN opened at $74.94 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $17.74 billion, a PE ratio of 13.10, a P/E/G ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. The business has a 50 day simple moving average of $81.73 and a two-hundred day simple moving average of $81.65.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $3.23 by $0.03. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, research analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed 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 is Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Global Payments’s payout ratio is 14.04%.

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.