Saiph Capital LLC Takes Position in Global Payments Inc. $GPN

Saiph Capital LLC bought a new stake in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 90,813 shares of the business services provider’s stock, valued at approximately $7,269,000. Global Payments accounts for 2.3% of Saiph Capital LLC’s holdings, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC grew its position in Global Payments by 32.6% in the second quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock valued at $884,462,000 after acquiring an additional 2,716,156 shares in the last quarter. Norges Bank purchased a new position in shares of Global Payments in the second quarter valued at $273,844,000. Massachusetts Financial Services Co. MA grew its holdings in Global Payments by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,070,960 shares of the business services provider’s stock valued at $165,760,000 after purchasing an additional 98,815 shares in the last quarter. Amundi increased its stake in Global Payments by 77.5% during the 1st quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock worth $186,107,000 after buying an additional 874,175 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Global Payments by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,955,393 shares of the business services provider’s stock worth $191,451,000 after buying an additional 49,029 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wells Fargo & Company upgraded Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. TD Cowen upped their target price on Global Payments from $92.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Citigroup upgraded Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada lifted their price target 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. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $102.29.

Global Payments Trading Down 0.4%

NYSE:GPN opened at $79.68 on Friday. The company has a market cap of $18.86 billion, a PE ratio of 11.19, a P/E/G ratio of 0.76 and a beta of 0.82. The business’s 50 day moving average is $80.70 and its two-hundred day moving average is $81.45. 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 52 week low of $65.93 and a 52 week high of $118.86.

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. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the business earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Global Payments’s dividend payout ratio (DPR) is presently 14.04%.

Insider Activity

In related news, Director Connie D. Mcdaniel sold 4,464 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total transaction of $347,343.84. Following the completion of the sale, the director owned 30,014 shares of the company’s stock, valued at $2,335,389.34. This represents a 12.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patricia A. Watson acquired 1,331 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the purchase, the director owned 2,651 shares of the company’s stock, valued at $198,984.06. This trade represents a 100.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.01% of the company’s stock.

Global Payments Company Profile

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.