Global Payments Inc. $GPN Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Global Payments Inc. (NYSE:GPN) by 44.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,958 shares of the business services provider’s stock after selling 25,625 shares during the quarter. Teacher Retirement System of Texas’ holdings in Global Payments were worth $2,655,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. North Star Investment Management Corp. grew its position in shares of Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Root Financial Partners LLC acquired a new stake in Global Payments in the 3rd quarter worth about $27,000. LRI Investments LLC grew its holdings in Global Payments by 53.4% in the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after buying an additional 133 shares during the period. Mather Group LLC. acquired a new position in shares of Global Payments during the 3rd quarter valued at about $37,000. Finally, Cromwell Holdings LLC lifted its holdings in shares of Global Payments by 103.7% during the 3rd quarter. Cromwell Holdings LLC now owns 497 shares of the business services provider’s stock worth $41,000 after acquiring an additional 253 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on GPN. Stephens dropped their price target on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Cantor Fitzgerald raised shares of Global Payments to a “hold” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a report on Thursday, January 22nd. Evercore ISI reduced their target price on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Finally, Zacks Research upgraded Global Payments to a “hold” rating in a research note on Tuesday, November 18th. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $97.82.

Insider Activity at Global Payments

In related news, insider David Lawrence Green sold 11,600 shares of Global Payments 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 sale, the insider 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Connie D. Mcdaniel sold 4,464 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the completion of the transaction, the director owned 30,014 shares in the company, valued at $2,335,389.34. This represents a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 14,723 shares of company stock valued at $1,186,772 and have sold 18,080 shares valued at $1,439,350. Company insiders own 1.01% of the company’s stock.

Global Payments Trading Down 1.0%

NYSE:GPN opened at $71.26 on Friday. The business’s 50-day moving average is $77.57 and its two-hundred day moving average is $81.46. The firm has a market capitalization of $16.87 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.47 and a beta of 0.79. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $114.17. 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 (NYSE:GPN) last issued its earnings results 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. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.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 business earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Research analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

About Global Payments

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.