Global Payments Inc. (NYSE:GPN) Shares Sold by First National Trust Co

First National Trust Co reduced its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 75.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,403 shares of the business services provider's stock after selling 29,279 shares during the quarter. First National Trust Co's holdings in Global Payments were worth $1,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC acquired a new stake in Global Payments during the 3rd quarter worth $25,000. Whipplewood Advisors LLC purchased a new position in Global Payments during the 4th quarter worth $37,000. Quintet Private Bank Europe S.A. purchased a new position in Global Payments during the 4th quarter worth $38,000. LRI Investments LLC grew its position in 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 during the last quarter. Finally, Manchester Capital Management LLC grew 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 purchasing an additional 300 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Price Performance

GPN traded up $2.23 during midday trading on Wednesday, reaching $98.09. 2,744,527 shares of the company's stock were exchanged, compared to its average volume of 2,075,638. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $24.12 billion, a PE ratio of 15.87, a P/E/G ratio of 0.86 and a beta of 1.04. The business's 50-day moving average price is $105.37 and its 200 day moving average price is $107.95. Global Payments Inc. has a 1-year low of $90.99 and a 1-year high of $136.36.

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

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments's payout ratio is currently 16.18%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GPN. Stephens downgraded shares of Global Payments from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Barclays lowered their price objective on shares of Global Payments from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Bank of America lowered their price objective on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Global Payments has a consensus rating of "Moderate Buy" and an average price target of $134.33.

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.