Key Points
- David Lawrence Green sold 11,600 shares of Global Payments on Dec. 3 at an average price of $79.99 for roughly $927,884, trimming his holdings by 14.56% to 68,096 shares (≈$5.45M).
- Global Payments beat Q3 estimates with EPS of $3.26 (vs. $3.23) and revenue of $2.43B (vs. $2.41B) and issued FY2025 guidance of $6.600–$6.666 in EPS, while analysts' consensus expects 11.89 EPS for the current fiscal year.
- The company declared a $0.25 quarterly dividend payable Dec. 26 (ex-dividend Dec. 12), equal to a $1.00 annualized payout and a roughly 1.3% yield with a ~14% payout ratio.
Global Payments Inc. (NYSE:GPN - Get Free Report) insider David Lawrence Green sold 11,600 shares of the company's stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total transaction of $927,884.00. Following the sale, the insider directly owned 68,096 shares of the company's stock, valued at $5,446,999.04. This represents a 14.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Global Payments Price Performance
GPN stock opened at $78.91 on Friday. The company's 50-day moving average price is $80.59 and its two-hundred day moving average price is $81.43. The firm has a market cap of $18.68 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.76 and a beta of 0.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $118.86.
Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.03. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same quarter last year, the business posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.
Global Payments Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments's dividend payout ratio (DPR) is presently 14.04%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GPN. Thomasville National Bank raised its holdings 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 valued at $1,483,000 after buying an additional 125 shares in the last quarter. LRI Investments LLC grew its position in 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. Deseret Mutual Benefit Administrators raised its stake 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 acquiring an additional 152 shares in the last quarter. Swedbank AB raised its stake in shares of Global Payments by 0.3% during the third quarter. Swedbank AB now owns 51,177 shares of the business services provider's stock worth $4,252,000 after acquiring an additional 154 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Global Payments by 5.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider's stock worth $242,000 after acquiring an additional 158 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.
Analyst Upgrades and Downgrades
GPN has been the subject of several recent analyst reports. Raymond James Financial restated an "outperform" rating and set a $105.00 price objective on shares of Global Payments in a research report on Tuesday, November 4th. Zacks Research upgraded shares of Global Payments to a "hold" rating in a research note on Tuesday, November 18th. Cowen reaffirmed a "hold" rating on shares of Global Payments in a report on Wednesday, November 5th. Wells Fargo & Company raised shares of Global Payments to a "strong-buy" rating in a research note on Wednesday, October 22nd. Finally, Evercore ISI dropped their price objective on shares of Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Global Payments has an average rating of "Hold" and a consensus target price of $102.29.
Read Our Latest Research Report on GPN
Global Payments Company Profile
(
Get Free Report)
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.
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