Retireful LLC Purchases 13,760 Shares of Global Payments Inc. (NYSE:GPN)

Retireful LLC raised its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 231.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,716 shares of the business services provider's stock after purchasing an additional 13,760 shares during the quarter. Global Payments accounts for approximately 1.2% of Retireful LLC's investment portfolio, making the stock its 24th biggest position. Retireful LLC's holdings in Global Payments were worth $2,209,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC boosted its stake in shares of Global Payments by 27.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,358 shares of the business services provider's stock valued at $825,000 after purchasing an additional 1,604 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Global Payments by 1,559.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider's stock valued at $61,502,000 after purchasing an additional 515,763 shares during the last quarter. SS&H Financial Advisors Inc. raised its stake in Global Payments by 14.8% during the fourth quarter. SS&H Financial Advisors Inc. now owns 4,759 shares of the business services provider's stock worth $534,000 after buying an additional 614 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Global Payments by 4.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,708 shares of the business services provider's stock valued at $303,000 after buying an additional 127 shares during the period. Finally, Fiduciary Financial Group LLC bought a new stake in Global Payments during the fourth quarter valued at $282,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Price Performance

NYSE:GPN traded down $0.69 during trading hours on Friday, hitting $108.41. The stock had a trading volume of 2,574,832 shares, compared to its average volume of 1,595,111. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 0.75 and a beta of 1.00. The company has a 50 day simple moving average of $114.06 and a two-hundred day simple moving average of $106.99.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, December 13th. Global Payments's dividend payout ratio (DPR) is currently 18.83%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com lowered Global Payments from a "buy" rating to a "hold" rating in a research report on Wednesday. Oppenheimer initiated coverage on shares of Global Payments in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. William Blair lowered shares of Global Payments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $118.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, October 29th. Finally, BTIG Research cut shares of Global Payments from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $135.71.

Insider Transactions at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the firm'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 in the company, valued at approximately $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company 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.