Kempner Capital Management Inc. Sells 36,075 Shares of Global Payments Inc. $GPN

Kempner Capital Management Inc. lessened its position in Global Payments Inc. (NYSE:GPN) by 46.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,800 shares of the business services provider’s stock after selling 36,075 shares during the period. Global Payments makes up 2.9% of Kempner Capital Management Inc.’s holdings, making the stock its 7th largest position. Kempner Capital Management Inc.’s holdings in Global Payments were worth $3,473,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. LRI Investments LLC grew its holdings in Global Payments by 53.4% during the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after acquiring an additional 133 shares during the period. Quarry LP bought a new position in shares of Global Payments during the 1st quarter valued at about $42,000. WPG Advisers LLC acquired a new position in shares of Global Payments in the 1st quarter worth approximately $49,000. MTM Investment Management LLC bought a new stake in shares of Global Payments in the 2nd quarter worth approximately $50,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Global Payments in the 2nd quarter worth approximately $55,000. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GPN shares. Jefferies Financial Group reduced their target price on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a report on Monday, November 24th. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded Global Payments to a “hold” rating in a report on Tuesday, November 18th. Cowen reaffirmed a “hold” rating on shares of Global Payments in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. Two 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 assigned a Sell rating to the company. According to MarketBeat, Global Payments currently has an average rating of “Hold” and an average target price of $102.29.

Insiders Place Their Bets

In related news, insider David Lawrence Green sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total transaction of $927,884.00. Following the completion of the sale, the insider directly owned 68,096 shares in the company, valued at approximately $5,446,999.04. This trade represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $81.42 per share, for a total transaction of $846,116.64. Following the completion of the transaction, the director directly owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This represents a 21.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 14,723 shares of company stock valued at $1,186,772 and sold 18,080 shares valued at $1,439,350. 1.01% of the stock is owned by company insiders.

Global Payments Price Performance

Shares of NYSE:GPN opened at $80.33 on Friday. The company’s fifty day moving average is $79.06 and its two-hundred day moving average is $81.93. The company has a market cap of $19.02 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $115.19. 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 (NYSE:GPN) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. The business had revenue of $2.43 billion for 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 company posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were issued a $0.25 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments’s dividend payout ratio is currently 14.04%.

Global Payments Company Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.