K.J. Harrison & Partners Inc Buys Shares of 17,200 Global Payments Inc. $GPN

K.J. Harrison & Partners Inc acquired a new stake in shares of Global Payments Inc. (NYSE:GPN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,200 shares of the business services provider’s stock, valued at approximately $1,486,000.

Other large investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its stake 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 bought a new stake in Global Payments in the third quarter worth about $27,000. SouthState Bank Corp bought a new stake in shares of Global Payments in the 3rd quarter worth approximately $28,000. REAP Financial Group LLC bought a new position in shares of Global Payments in the third quarter valued at $28,000. Finally, Mather Group LLC. acquired a new stake in shares of Global Payments during the third quarter worth $37,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Trading Down 0.6%

Shares of Global Payments stock opened at $77.87 on Thursday. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $106.07. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 0.85. The firm has a market capitalization of $21.80 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.76. The company’s fifty day moving average price is $75.84 and its two-hundred day moving average price is $80.36.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is 17.27%.

Insider Transactions at Global Payments

In other news, insider David Lawrence Green sold 11,600 shares of Global Payments stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total value 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. The trade was a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert H. B. Baldwin, Jr. acquired 10,392 shares of Global Payments stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $81.42 per share, for a total transaction of $846,116.64. Following the purchase, the director owned 59,303 shares of the company’s stock, valued at approximately $4,828,450.26. This represents a 21.25% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GPN. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Global Payments in a research report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price target for the company. Wells Fargo & Company lifted their price target on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Raymond James Financial upgraded shares of Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. Truist Financial set a $85.00 target price on Global Payments in a research report on Tuesday, January 20th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $88.00 price target (up from $80.00) on shares of Global Payments in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $91.52.

Global Payments 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.