Los Angeles Capital Management LLC Invests $1.40 Million in Global Payments Inc. $GPN

Los Angeles Capital Management LLC purchased a new position in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,521 shares of the business services provider’s stock, valued at approximately $1,402,000.

Other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its position in Global Payments by 32.6% during the 2nd quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock worth $884,462,000 after buying an additional 2,716,156 shares during the period. Amundi boosted its position in shares of Global Payments by 77.5% in the first quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock valued at $186,107,000 after acquiring an additional 874,175 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Global Payments by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,955,393 shares of the business services provider’s stock valued at $191,451,000 after acquiring an additional 49,029 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Global Payments by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,624,288 shares of the business services provider’s stock worth $159,050,000 after acquiring an additional 9,755 shares during the period. Finally, AQR Capital Management LLC increased its position in Global Payments by 6.1% during the first quarter. AQR Capital Management LLC now owns 1,458,570 shares of the business services provider’s stock worth $140,402,000 after acquiring an additional 84,285 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. B. Riley reissued a “buy” rating on shares of Global Payments in a report on Wednesday, July 16th. Citigroup upgraded Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada increased their price target on Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. Wells Fargo & Company upgraded Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $105.00 target price on shares of Global Payments in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.10.

Global Payments Stock Performance

NYSE GPN opened at $77.40 on Thursday. The firm’s 50 day simple moving average is $84.28 and its 200 day simple moving average is $81.98. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 13.53, a P/E/G 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 Inc. has a 1 year low of $65.93 and a 1 year high of $120.00.

Global Payments (NYSE:GPN) last released 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. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.During the same period in the prior 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 fiscal year.

Global Payments Announces Dividend

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

Insiders Place Their Bets

In other Global Payments news, Director Patricia A. Watson acquired 1,331 shares of Global Payments stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $75.06 per share, with a total value of $99,904.86. Following the completion of the purchase, the director directly owned 2,651 shares of the company’s stock, valued at $198,984.06. This represents a 100.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.01% of the stock is owned by company insiders.

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.