Global Payments Inc. $GPN is Value Holdings Management CO. LLC’s 10th Largest Position

Value Holdings Management CO. LLC grew its position in Global Payments Inc. (NYSE:GPN) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 284,912 shares of the business services provider’s stock after acquiring an additional 13,000 shares during the quarter. Global Payments comprises 3.8% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 10th largest holding. Value Holdings Management CO. LLC’s holdings in Global Payments were worth $23,670,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Global Payments during the second quarter valued at approximately $273,844,000. Pzena Investment Management LLC increased its position in shares of Global Payments by 32.6% during the second quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock worth $884,462,000 after purchasing an additional 2,716,156 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Global Payments by 480.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,074,669 shares of the business services provider’s stock valued at $86,017,000 after purchasing an additional 889,590 shares during the last quarter. Amundi boosted its position in shares of Global Payments by 77.5% in the 1st quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock worth $186,107,000 after purchasing an additional 874,175 shares in the last quarter. Finally, Strs Ohio purchased a new position in Global Payments during the 1st quarter worth $66,441,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

GPN opened at $80.80 on Friday. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $115.19. 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 has a market capitalization of $19.13 billion, a PE ratio of 11.35, a P/E/G ratio of 0.78 and a beta of 0.82. The firm has a 50 day moving average of $79.48 and a two-hundred day moving average of $81.79.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $3.23 by $0.03. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, analysts anticipate 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. Shareholders of record on Friday, December 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 12th. Global Payments’s dividend payout ratio is presently 14.04%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank Of Canada increased their price target on Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 5th. TD Cowen increased their price objective on shares of Global Payments from $92.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Evercore ISI lowered their target price on shares of Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Truist Financial cut their price target on shares of Global Payments from $90.00 to $84.00 and set a “hold” rating on the stock in a research note on Thursday, November 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Global Payments in a report on Tuesday, November 4th. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.29.

Insider Activity at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of Global Payments stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total transaction of $927,884.00. Following the completion of the transaction, the insider owned 68,096 shares in the company, valued at approximately $5,446,999.04. This trade represents a 14.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average cost of $81.42 per share, with a total value of $846,116.64. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. 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 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.