Bryn Mawr Capital Management LLC Trims Position in Global Payments Inc. (NYSE:GPN)

Bryn Mawr Capital Management LLC lessened its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,313 shares of the business services provider's stock after selling 18,963 shares during the period. Bryn Mawr Capital Management LLC's holdings in Global Payments were worth $3,061,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GPN. Alberta Investment Management Corp purchased a new stake in shares of Global Payments during the 4th quarter worth approximately $1,156,000. Atria Wealth Solutions Inc. increased its position in Global Payments by 27.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 9,616 shares of the business services provider's stock worth $1,078,000 after buying an additional 2,046 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Global Payments by 455.0% in the fourth quarter. Venturi Wealth Management LLC now owns 2,958 shares of the business services provider's stock valued at $331,000 after buying an additional 2,425 shares during the period. CIBC Asset Management Inc lifted its position in shares of Global Payments by 3.3% during the 4th quarter. CIBC Asset Management Inc now owns 52,527 shares of the business services provider's stock valued at $5,886,000 after buying an additional 1,679 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Global Payments by 18.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,525 shares of the business services provider's stock worth $1,301,000 after acquiring an additional 1,807 shares during the period. Institutional investors own 89.76% of the company's stock.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the business's stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, the director now owns 42,738 shares of the company's stock, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.98% of the company's stock.

Wall Street Analyst Weigh In

GPN has been the topic of a number of research reports. Citigroup lowered their price objective on Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of Global Payments from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada lowered their target price on shares of Global Payments from $143.00 to $130.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price target on Global Payments from $118.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Global Payments has an average rating of "Moderate Buy" and a consensus target price of $134.33.

Global Payments Price Performance

NYSE:GPN traded down $2.39 during mid-day trading on Friday, reaching $103.19. The stock had a trading volume of 2,189,224 shares, compared to its average volume of 1,744,548. The stock has a market capitalization of $25.55 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.87 and a beta of 1.01. The firm has a 50 day moving average price of $110.16 and a two-hundred day moving average price of $108.75. 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 one year low of $91.60 and a one year high of $140.38.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results 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). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. As a group, analysts expect that Global Payments Inc. will post 11.9 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. Global Payments's dividend payout ratio (DPR) is currently 16.18%.

About Global Payments

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.