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Are Investors Undervaluing Global Payments (GPN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
GPN vs. MA: Which Stock Should Value Investors Buy Now?
Investors interested in Financial Transaction Services stocks are likely familiar with Global Payments (GPN) and MasterCard (MA). But which of these two stocks is more attractive to value investors?
Foundations Investment Advisors LLC Takes Position in Global Payments Inc. (NYSE:GPN)
Foundations Investment Advisors LLC purchased a new stake in Global Payments Inc. (NYSE:GPN – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,567 shares of the business services provider’s stock, valued at approximately $212,000. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Global Payments by 70.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the business services provider’s stock worth $72,000 after purchasing an additional 233 shares during the period. McKinley Carter Wealth Services Inc. grew its stake in shares of Global Payments by 35.4% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 46,953 shares of the business services provider’s stock valued at $5,963,000 after buying an additional 12,273 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of Global Payments by 60.5% during the 3rd quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider’s stock valued at $2,261,000 after buying an additional 7,387 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Global Payments by 6.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 255,468 shares of the business services provider’s stock worth $32,064,000 after acquiring an additional 15,655 shares in the last quarter. Finally, Shaker Investments LLC OH acquired a new stake in Global Payments in the fourth quarter valued at approximately $1,815,000. 89.76% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of Global Payments stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $111.34, for a total transaction of $367,422.00. Following the sale, the vice president now owns 25,209 shares of the company’s stock, valued at approximately $2,806,770.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.98% of the company’s stock. Analysts Set New Price Targets Several brokerages have recently weighed in on GPN. Evercore ISI decreased their target price on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. UBS Group increased their price target on Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. TheStreet upgraded Global Payments from a “c” rating to a “b-” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets dropped their price target on shares of Global Payments from $143.00 to $128.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.11. Read Our Latest Stock Analysis on Global Payments Global Payments Trading Down 0.1 % Shares of NYSE:GPN opened at $109.16 on Monday. Global Payments Inc. has a fifty-two week low of $95.12 and a fifty-two week high of $141.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The company has a market cap of $27.86 billion, a PE ratio of 21.66, a P/E/G ratio of 0.70 and a beta of 0.97. The company’s 50-day moving average price is $123.49 and its 200 day moving average price is $125.00. Global Payments Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Global Payments’s dividend payout ratio is presently 19.84%. Global Payments Profile (Free Report) 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. Read More Five stocks we like better than Global Payments The Significance of Brokerage Rankings in Stock Selection Canada Goose Flies Higher Driven By DTC Growth Dividend Capture Strategy: What You Need to Know CVS Health Stock Has a Silver Lining Called Value Why Special Dividends Can be a Delightful Surprise for Income Investors Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPN – Free Report).
Equities Analysts Issue Forecasts for Global Payments Inc.’s Q2 2024 Earnings (NYSE:GPN)
Global Payments Inc. (NYSE:GPN – Free Report) – Investment analysts at Zacks Research boosted their Q2 2024 EPS estimates for shares of Global Payments in a research note issued on Wednesday, May 15th. Zacks Research analyst K. Dey now expects that the business services provider will earn $2.78 per share for the quarter, up from their previous forecast of $2.76. The consensus estimate for Global Payments’ current full-year earnings is $11.08 per share. Zacks Research also issued estimates for Global Payments’ Q3 2024 earnings at $2.98 EPS, FY2024 earnings at $11.10 EPS, Q1 2025 earnings at $2.80 EPS, Q2 2025 earnings at $3.17 EPS, Q3 2025 earnings at $3.37 EPS, Q4 2025 earnings at $3.31 EPS, Q1 2026 earnings at $3.21 EPS and FY2026 earnings at $14.38 EPS. A number of other brokerages have also recently weighed in on GPN. Mizuho dropped their price objective on Global Payments from $129.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 15th. TD Cowen dropped their target price on Global Payments from $160.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Morgan Stanley raised their price objective on shares of Global Payments from $160.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Finally, Monness Crespi & Hardt decreased their price target on shares of Global Payments from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.11. Get Our Latest Stock Analysis on GPN Global Payments Stock Performance NYSE:GPN opened at $109.16 on Monday. The stock has a market capitalization of $27.86 billion, a P/E ratio of 21.66, a PEG ratio of 0.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. Global Payments has a fifty-two week low of $95.12 and a fifty-two week high of $141.77. The company has a 50 day moving average price of $123.49 and a 200 day moving average price of $125.00. Institutional Trading of Global Payments A number of large investors have recently bought and sold shares of GPN. FMR LLC lifted its stake in shares of Global Payments by 40.7% in the 3rd quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock worth $1,078,525,000 after acquiring an additional 2,703,434 shares during the period. Boston Partners lifted its stake in shares of Global Payments by 40.5% in the 3rd quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock worth $591,613,000 after acquiring an additional 1,481,714 shares during the period. Franklin Resources Inc. lifted its stake in shares of Global Payments by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 5,087,801 shares of the business services provider’s stock worth $646,151,000 after acquiring an additional 132,635 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Global Payments by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,499,860 shares of the business services provider’s stock worth $403,849,000 after acquiring an additional 116,664 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Global Payments by 2.7% in the 3rd quarter. Morgan Stanley now owns 3,402,869 shares of the business services provider’s stock worth $392,657,000 after acquiring an additional 89,057 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock. Insider Activity at Global Payments In related news, VP Andrea M. Carter sold 3,300 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $111.34, for a total transaction of $367,422.00. Following the completion of the sale, the vice president now owns 25,209 shares in the company, valued at approximately $2,806,770.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock. Global Payments Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is 19.84%. About Global Payments (Get Free Report) 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.
Why You Should Add Global Payments (GPN) to Your Portfolio
Global Payments (GPN) gains from rising revenues, expanding margins and improved contributions from the segments.
Why Global Payments (GPN) is a Top Value Stock for the Long-Term
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