J. Safra Sarasin Holding AG Purchases 11,285 Shares of Global Payments Inc. $GPN

J. Safra Sarasin Holding AG boosted its position in shares of Global Payments Inc. (NYSE:GPN) by 302.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,018 shares of the business services provider’s stock after purchasing an additional 11,285 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Global Payments were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPN. Brighton Jones LLC purchased a new stake in Global Payments in the fourth quarter worth about $725,000. Caxton Associates LLP bought a new position in shares of Global Payments during the first quarter valued at approximately $243,000. Intech Investment Management LLC raised its stake in Global Payments by 43.5% in the first 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. Farther Finance Advisors LLC lifted its holdings in Global Payments by 45.2% during the second quarter. Farther Finance Advisors LLC now owns 967 shares of the business services provider’s stock worth $77,000 after buying an additional 301 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in Global Payments by 27.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,320 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 723 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised 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. TD Cowen lowered their price target on shares of Global Payments from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, January 12th. Truist Financial set a $85.00 price objective on shares of Global Payments in a research report on Tuesday, January 20th. Jefferies Financial Group lowered their target price on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Finally, KeyCorp lowered shares of Global Payments from an “overweight” rating to a “sector weight” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average target price of $97.82.

Insider Activity at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were bought at an average cost of $81.42 per share, with a total value of $846,116.64. Following the completion of the acquisition, the director owned 59,303 shares in the company, valued at approximately $4,828,450.26. This trade represents a 21.25% increase in their ownership of the stock. The purchase 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 stock in a transaction 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 transaction, the insider directly owned 68,096 shares in the company, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders acquired 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. 1.01% of the stock is currently owned by company insiders.

Global Payments Price Performance

Shares of GPN opened at $71.98 on Thursday. The firm has a market capitalization of $17.04 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.48 and a beta of 0.79. 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 1-year low of $65.93 and a 1-year high of $114.17. The company’s fifty day moving average price is $77.57 and its 200-day moving average price is $81.53.

Global Payments (NYSE:GPN) last issued 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. 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 last year, the business posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a $0.25 dividend. 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%.

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.