SG Americas Securities LLC Purchases 143,936 Shares of Global Payments Inc. $GPN

SG Americas Securities LLC boosted its position in shares of Global Payments Inc. (NYSE:GPN) by 25.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 710,348 shares of the business services provider’s stock after acquiring an additional 143,936 shares during the period. SG Americas Securities LLC’s holdings in Global Payments were worth $59,016,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pettee Investors Inc. lifted its stake in Global Payments by 24.1% in the second quarter. Pettee Investors Inc. now owns 15,672 shares of the business services provider’s stock worth $1,254,000 after purchasing an additional 3,040 shares during the last quarter. Saiph Capital LLC bought a new position in shares of Global Payments during the second quarter valued at approximately $7,269,000. Sound Income Strategies LLC raised its holdings in shares of Global Payments by 7.9% in the second quarter. Sound Income Strategies LLC now owns 60,905 shares of the business services provider’s stock worth $4,875,000 after buying an additional 4,478 shares during the period. Entropy Technologies LP bought a new stake in shares of Global Payments during the 2nd quarter worth approximately $2,448,000. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Global Payments by 7,904.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 22,172 shares of the business services provider’s stock worth $1,775,000 after acquiring an additional 21,895 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

NYSE GPN opened at $77.53 on Thursday. The company has a market cap of $18.35 billion, a PE ratio of 10.89, a P/E/G ratio of 0.65 and a beta of 0.79. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $114.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day moving average price is $77.74 and its 200-day moving average price is $81.99.

Global Payments (NYSE:GPN) last posted its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The company 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 12.66% and a net margin of 19.68%.During the same quarter in the prior year, the business earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Sell-side analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Global Payments’s payout ratio is 14.04%.

Analyst Ratings Changes

Several brokerages have commented on GPN. Royal Bank Of Canada upped their price objective on Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 5th. Zacks Research raised shares of Global Payments to a “hold” rating in a research report on Tuesday, November 18th. Wells Fargo & Company raised shares of Global Payments to a “strong-buy” rating in a research report on Wednesday, October 22nd. Rothschild & Co Redburn boosted their price target on Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Global Payments in a research note on Wednesday, October 8th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $102.29.

Insiders Place Their Bets

In other news, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $81.42 per share, with a total value of $846,116.64. Following the completion of the transaction, the director owned 59,303 shares in the company, valued at $4,828,450.26. This represents a 21.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David M. Sheffield sold 2,016 shares of Global Payments stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $81.41, for a total transaction of $164,122.56. Following the completion of the transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. In the last three months, insiders purchased 14,723 shares of company stock valued at $1,186,772 and sold 18,080 shares valued at $1,439,350. Company insiders own 1.01% of the company’s stock.

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.