Global Payments (NYSE:GPN) Insider David Lawrence Green Sells 11,600 Shares

Global Payments Inc. (NYSE:GPN) insider David Lawrence Green sold 11,600 shares of the firm’s 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 completion of the transaction, the insider directly owned 68,096 shares of the company’s stock, valued at $5,446,999.04. This represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Global Payments Stock Performance

NYSE GPN opened at $78.91 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $80.59 and its two-hundred day moving average price is $81.43. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $118.86. The firm has a market capitalization of $18.68 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.76 and a beta of 0.82.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.03. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. 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. As a group, research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPN. Truist Financial reduced their target price on Global Payments from $90.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, November 13th. Citigroup raised Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. Zacks Research raised shares of Global Payments to a “hold” rating in a research report on Tuesday, November 18th. Cowen reiterated a “hold” rating on shares of Global Payments in a report on Wednesday, November 5th. Finally, Evercore ISI cut their target price on shares of Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Institutional Investors Weigh In On Global Payments

A number of institutional investors have recently modified their holdings of GPN. North Star Investment Management Corp. raised its stake in Global Payments by 242.2% in the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Global Payments during the 3rd quarter worth approximately $27,000. REAP Financial Group LLC bought a new position in shares of Global Payments during the third quarter worth approximately $28,000. SouthState Bank Corp acquired a new stake in shares of Global Payments in the third quarter valued at approximately $28,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Global Payments in the first quarter valued at approximately $37,000. Institutional investors own 89.76% of the company’s stock.

About Global Payments

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.