Tradewinds LLC. Buys Shares of 7,000 Global Payments Inc. $GPN

Tradewinds LLC. purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,000 shares of the business services provider’s stock, valued at approximately $582,000.

A number of other large investors have also modified their holdings of GPN. Brighton Jones LLC bought a new position in Global Payments in the 4th quarter worth about $725,000. Caxton Associates LLP acquired a new position in shares of Global Payments during the first quarter worth approximately $243,000. Intech Investment Management LLC grew its holdings in Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after buying an additional 4,386 shares in the last quarter. Parallel Advisors LLC grew its holdings in Global Payments by 36.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,292 shares of the business services provider’s stock worth $103,000 after buying an additional 347 shares in the last quarter. Finally, Swedbank AB increased its position in Global Payments by 21.9% in the 2nd quarter. Swedbank AB now owns 51,023 shares of the business services provider’s stock valued at $4,084,000 after acquiring an additional 9,164 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Activity at Global Payments

In related news, Director Connie D. Mcdaniel sold 4,464 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total value of $347,343.84. Following the completion of the sale, the director directly owned 30,014 shares in the company, valued at approximately $2,335,389.34. The trade was a 12.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Lawrence Green sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total value 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. The trade was a 14.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 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 currently owned by corporate insiders.

Global Payments Stock Performance

Shares of GPN opened at $73.82 on Monday. The company has a 50-day moving average of $77.68 and a two-hundred day moving average of $81.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85. Global Payments Inc. has a one year low of $65.93 and a one year high of $114.17. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.62 and a beta of 0.79.

Global Payments (NYSE:GPN) last released its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 12th. Global Payments’s dividend payout ratio is presently 14.04%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GPN shares. Cowen reiterated a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. KeyCorp downgraded shares of Global Payments from an “overweight” rating to a “sector weight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada raised their target price on shares of Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 5th. Raymond James Financial restated an “outperform” rating and set a $105.00 price target on shares of Global Payments in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average price target of $98.62.

Global Payments 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.