Key Points
- EVP David Sheffield sold 2,016 shares of Global Payments at an average price of $81.41 for $164,122.56, trimming his position by 12.25% to 14,438 shares (worth ~ $1.18M).
- Global Payments reported $3.26 EPS for the quarter (vs. $3.23 consensus) and set FY 2025 guidance of $6.600–$6.666; the stock has a market cap of $19.42B and a P/E of 11.52.
- The company declared a quarterly dividend of $0.25 (annualized $1.00, ~1.2% yield), while analysts hold a consensus rating of "Hold" with an average target price of $102.29.
Global Payments Inc. (NYSE:GPN - Get Free Report) EVP David Sheffield sold 2,016 shares of Global Payments stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the completion of the transaction, the executive vice president owned 14,438 shares in the company, valued at approximately $1,175,397.58. The trade was a 12.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Global Payments Price Performance
Shares of GPN stock opened at $82.04 on Friday. The business has a fifty day simple moving average of $80.00 and a 200 day simple moving average of $81.57. The company has a market cap of $19.42 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.78 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 twelve month low of $65.93 and a twelve month high of $116.16.
Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, topping the consensus estimate of $3.23 by $0.03. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.During the same quarter 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. On average, sell-side analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.
Global Payments Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.2%. Global Payments's dividend payout ratio is presently 14.04%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in shares of Global Payments by 43.2% in the third quarter. Allworth Financial LP now owns 610 shares of the business services provider's stock valued at $51,000 after buying an additional 184 shares during the period. CIBC Private Wealth Group LLC increased its position in Global Payments by 19.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,926 shares of the business services provider's stock valued at $326,000 after purchasing an additional 650 shares during the period. Prana Capital Management LP raised its holdings in Global Payments by 36.2% during the 3rd quarter. Prana Capital Management LP now owns 418,095 shares of the business services provider's stock worth $34,735,000 after purchasing an additional 111,051 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Global Payments during the 3rd quarter worth approximately $2,785,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Global Payments in the 3rd quarter worth approximately $227,000. 89.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on GPN. Royal Bank Of Canada boosted their target price on shares of Global Payments from $93.00 to $95.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 5th. Citigroup raised Global Payments to a "strong-buy" rating in a report on Thursday, October 23rd. Evercore ISI lowered their target price on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Wells Fargo & Company upgraded Global Payments to a "strong-buy" rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Global Payments in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $102.29.
Get Our Latest Analysis on Global Payments
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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