Global Payments Inc. Sees $359 Million Trading Volume Surge, Ranks 240th in Daily Market

Generated by AI AgentAinvest Volume Radar
Wednesday, May 28, 2025 8:00 pm ET1min read

On May 28, 2025,

(GPN) saw a significant increase in trading volume, with a turnover of $359 million, marking a 127.59% rise from the previous day. This surge placed the company at the 240th position in the daily stock market rankings. However, the stock price of Global Payments Inc. (GPN) experienced a decline of 1.00%.

Global Payments Inc. has announced its agreement to divest its Payroll business to Acrisure, a financial technology company. This move is part of Global Payments' strategy to simplify its business operations and focus on becoming a leading pure-play commerce solutions provider. The transaction, valued at $1.1 billion, is expected to close in the second half of 2025, subject to regulatory approvals and other customary closing conditions. The proceeds from this divestiture will be used to return capital to shareholders while maintaining leverage neutrality.

This divestiture is the latest in a series of strategic moves by Global Payments. In September 2024, the company announced a transformation plan that included the divestiture of its Issuer Solutions business, the acquisition of Worldpay, and the completion of the sale of AdvancedMD. These actions are aimed at streamlining operations and focusing on high-margin commerce solutions.

Acrisure's acquisition of the Payroll business, which serves over 50,000 clients, further strengthens Global Payments' focus on merchant solutions. This strategic move is expected to enhance the company's financial performance and align with its long-term growth objectives.

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