Global Payments Inc. (NYSE:GPN) Shares Purchased by North Reef Capital Management LP

North Reef Capital Management LP grew its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 881,999 shares of the business services provider's stock after acquiring an additional 36,999 shares during the quarter. Global Payments comprises approximately 4.4% of North Reef Capital Management LP's holdings, making the stock its 9th largest position. North Reef Capital Management LP owned approximately 0.35% of Global Payments worth $98,837,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC acquired a new position in Global Payments during the 3rd quarter worth $25,000. Whipplewood Advisors LLC acquired a new position in Global Payments during the 4th quarter worth $37,000. Quintet Private Bank Europe S.A. acquired a new position in Global Payments during the 4th quarter worth $38,000. Manchester Capital Management LLC boosted its position in 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 acquiring an additional 300 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Global Payments by 374.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider's stock worth $64,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Stock Up 2.6 %

NYSE:GPN traded up $1.87 during trading hours on Monday, hitting $74.35. 5,080,290 shares of the company's stock traded hands, compared to its average volume of 2,429,548. The firm has a market cap of $18.28 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.86 and a beta of 0.97. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $126.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock's fifty day moving average price is $91.97 and its two-hundred day moving average price is $104.00.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.14). The firm had revenue of $2.29 billion for 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%. On average, research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, March 14th. Global Payments's dividend payout ratio (DPR) is presently 16.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GPN shares. Cowen lowered Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Morgan Stanley cut their price objective on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Evercore ISI began coverage on Global Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price objective for the company. Williams Trading set a $75.00 price objective on Global Payments in a report on Friday, April 18th. Finally, StockNews.com upgraded Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of "Hold" and an average target price of $112.86.

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.