Integras Partners LLC bought a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 2,779 shares of the business services provider's stock, valued at approximately $312,000.
Other hedge funds have also modified their holdings of the company. Beaird Harris Wealth Management LLC acquired a new stake in Global Payments in the third quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new position in shares of Global Payments in the fourth quarter valued at $37,000. Quintet Private Bank Europe S.A. acquired a new stake in Global Payments during the 4th quarter valued at $38,000. LRI Investments LLC increased its stake 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 buying an additional 251 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in Global Payments by 177.5% in the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after buying an additional 300 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.
Global Payments Stock Performance
Shares of GPN traded up $0.10 during midday trading on Tuesday, hitting $95.78. 3,878,918 shares of the stock traded hands, compared to its average volume of 2,078,974. The business's 50 day moving average price is $105.70 and its two-hundred day moving average price is $108.06. The firm has a market capitalization of $23.72 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04. 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 1-year low of $90.99 and a 1-year high of $136.36.
Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data 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). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Equities research analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.
Global Payments Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments's dividend payout ratio (DPR) is 16.18%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. The Goldman Sachs Group restated a "neutral" rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Barclays lowered their price objective on Global Payments from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Citigroup cut their target price on Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Bank of America dropped their price target on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a research note on Friday, February 14th. One equities 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.33.
Check Out Our Latest Research Report on GPN
Global Payments Profile
(
Free Report)
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.
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