New Age Alpha Advisors LLC Purchases New Stake in Global Payments Inc. (NYSE:GPN)

New Age Alpha Advisors LLC bought a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,003 shares of the business services provider's stock, valued at approximately $449,000.

Other institutional investors have also modified their holdings of the company. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments in the 3rd quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new position in Global Payments in the fourth quarter worth $37,000. Quintet Private Bank Europe S.A. acquired a new stake in Global Payments in the fourth quarter valued at $38,000. LRI Investments LLC boosted its position in shares of Global Payments by 94.4% during the 3rd quarter. LRI Investments LLC now owns 517 shares of the business services provider's stock worth $53,000 after purchasing an additional 251 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after purchasing an additional 300 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GPN. Bank of America decreased their price target on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Morgan Stanley lowered their target price on Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Keefe, Bruyette & Woods cut their price target on Global Payments from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Citigroup decreased their price objective on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, Stephens downgraded shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $125.00 to $120.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Global Payments presently has a consensus rating of "Moderate Buy" and an average target price of $134.10.

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Global Payments Stock Down 8.8 %

Global Payments stock traded down $8.16 during mid-day trading on Friday, reaching $84.82. The company's stock had a trading volume of 6,326,947 shares, compared to its average volume of 2,180,256. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. Global Payments Inc. has a 12 month low of $84.50 and a 12 month high of $129.35. The business's 50 day simple moving average is $102.35 and its 200 day simple moving average is $106.76. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14). The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. As a group, research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. Global Payments's dividend payout ratio is currently 16.18%.

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.