8,524 Shares in Global Payments Inc. (NYSE:GPN) Bought by Callan Family Office LLC

Callan Family Office LLC purchased 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 SEC. The institutional investor purchased 8,524 shares of the business services provider's stock, valued at approximately $955,000.

Several other large investors also recently modified their holdings of GPN. Tidal Investments LLC boosted its stake in Global Payments by 0.3% during the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider's stock worth $2,760,000 after acquiring an additional 86 shares in the last quarter. Sage Capital Advisors llc grew its stake in shares of Global Payments by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider's stock valued at $3,164,000 after buying an additional 96 shares during the period. SYM FINANCIAL Corp increased its position in Global Payments by 4.1% in the 3rd quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider's stock valued at $250,000 after buying an additional 97 shares in the last quarter. Private Trust Co. NA raised its stake in Global Payments by 11.2% during the 4th quarter. Private Trust Co. NA now owns 992 shares of the business services provider's stock worth $111,000 after buying an additional 100 shares during the period. Finally, Greenleaf Trust raised its stake in Global Payments by 5.9% during the 4th quarter. Greenleaf Trust now owns 2,068 shares of the business services provider's stock worth $232,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently commented on GPN. Bank of America decreased their price objective on Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a report on Friday, February 14th. Citigroup dropped 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 note on Tuesday, February 18th. Barclays decreased their target price on shares of Global Payments from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Global Payments currently has a consensus rating of "Moderate Buy" and an average target price of $134.33.

Global Payments Price Performance

Shares of GPN stock traded down $0.24 on Wednesday, reaching $93.01. The company's stock had a trading volume of 2,159,446 shares, compared to its average volume of 2,081,205. The company has a market capitalization of $23.03 billion, a P/E ratio of 15.05, a PEG ratio of 0.86 and a beta of 1.04. Global Payments Inc. has a 12-month low of $91.00 and a 12-month high of $140.38. The stock's 50 day simple moving average is $107.19 and its 200-day simple moving average is $108.51. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

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

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. Global Payments's dividend payout ratio is presently 16.18%.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of Global Payments stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now owns 42,738 shares of the company's stock, valued at $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.98% of the company's stock.

Global Payments Company 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.