Modera Wealth Management LLC Has $3.52 Million Stake in Global Payments Inc. $GPN

Modera Wealth Management LLC trimmed its position in Global Payments Inc. (NYSE:GPN) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,995 shares of the business services provider’s stock after selling 5,184 shares during the period. Modera Wealth Management LLC’s holdings in Global Payments were worth $3,521,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GPN. Brighton Jones LLC acquired a new position in Global Payments during the 4th quarter worth approximately $725,000. Alps Advisors Inc. lifted its position in shares of Global Payments by 11.8% in the first quarter. Alps Advisors Inc. now owns 9,039 shares of the business services provider’s stock worth $885,000 after purchasing an additional 951 shares in the last quarter. Xponance Inc. boosted its holdings in Global Payments by 0.6% during the first quarter. Xponance Inc. now owns 36,634 shares of the business services provider’s stock worth $3,587,000 after purchasing an additional 235 shares during the last quarter. Cromwell Holdings LLC bought a new position in Global Payments in the first quarter valued at $72,000. Finally, Ballentine Partners LLC acquired a new stake in Global Payments in the 1st quarter valued at $224,000. 89.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Evercore ISI increased their price objective on shares of Global Payments from $85.00 to $90.00 and gave the stock an “in-line” rating in a research note on Friday, August 8th. Cowen restated a “hold” rating on shares of Global Payments in a research note on Wednesday. Royal Bank Of Canada upped their price objective on Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Wednesday. KeyCorp downgraded Global Payments from an “overweight” rating to a “sector weight” rating in a report on Wednesday, October 22nd. Finally, TD Cowen boosted their target price on shares of Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Global Payments has a consensus rating of “Hold” and a consensus target price of $104.10.

Global Payments Stock Down 0.5%

GPN opened at $75.96 on Friday. The stock’s fifty day simple moving average is $84.93 and its 200 day simple moving average is $81.81. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. The stock has a market cap of $18.43 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. During the same period in the previous year, the company earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a dividend of $0.25 per share. 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 (DPR) is 14.04%.

Global Payments 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.