AMG National Trust Bank Sells 13,388 Shares of Global Payments Inc. $GPN

AMG National Trust Bank decreased its stake in shares of Global Payments Inc. (NYSE:GPN) by 43.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,684 shares of the business services provider’s stock after selling 13,388 shares during the period. AMG National Trust Bank’s holdings in Global Payments were worth $1,415,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GPN. Brighton Jones LLC bought a new stake in shares of Global Payments during the 4th quarter valued at about $725,000. Clear Creek Financial Management LLC purchased a new position in Global Payments during the 1st quarter valued at about $213,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Global Payments by 1.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,561 shares of the business services provider’s stock valued at $3,090,000 after acquiring an additional 545 shares during the period. Teacher Retirement System of Texas lifted its position in Global Payments by 1,828.3% during the 1st quarter. Teacher Retirement System of Texas now owns 45,932 shares of the business services provider’s stock valued at $4,498,000 after acquiring an additional 43,550 shares during the period. Finally, IFM Investors Pty Ltd lifted its position in Global Payments by 8.7% during the 1st quarter. IFM Investors Pty Ltd now owns 51,166 shares of the business services provider’s stock valued at $5,240,000 after acquiring an additional 4,089 shares during the period. Institutional investors own 89.76% of the company’s stock.

Insider Activity at Global Payments

In other news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of Global Payments stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total value of $172,000.00. Following the completion of the sale, the general counsel directly owned 30,713 shares in the company, valued at $2,641,318. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on GPN. Citigroup raised shares of Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. Truist Financial lifted their price target on shares of Global Payments from $79.00 to $83.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Mizuho raised shares of Global Payments from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $86.00 to $114.00 in a research report on Friday, July 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. Finally, Evercore ISI lifted their price target on shares of Global Payments from $85.00 to $90.00 and gave the company an “in-line” rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $103.37.

Global Payments Stock Down 1.3%

Shares of Global Payments stock opened at $77.68 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $18.85 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $120.00. The company has a 50-day simple moving average of $86.00 and a two-hundred day simple moving average of $81.72.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.04. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.93 earnings per share. On average, analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

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.