Roberts Glore & Co. Inc. IL Sells 3,959 Shares of Global Payments Inc. (NYSE:GPN)

Roberts Glore & Co. Inc. IL reduced its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,775 shares of the business services provider's stock after selling 3,959 shares during the period. Roberts Glore & Co. Inc. IL's holdings in Global Payments were worth $871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in Global Payments in the 3rd quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in Global Payments during the fourth quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Global Payments in the fourth quarter worth $38,000. Finally, LRI Investments LLC grew its stake in Global Payments by 94.4% in the 3rd quarter. LRI Investments LLC now owns 517 shares of the business services provider's stock valued at $53,000 after buying an additional 251 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stephens downgraded Global Payments from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $125.00 to $120.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods increased their price target on shares of Global Payments from $130.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, December 9th. The Goldman Sachs Group restated a "neutral" rating and set a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Citigroup decreased their price objective on Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Barclays dropped their price target 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Global Payments currently has an average rating of "Moderate Buy" and a consensus price target of $134.33.

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Global Payments Trading Down 0.8 %

Shares of Global Payments stock traded down $0.74 during midday trading on Thursday, reaching $92.16. The company had a trading volume of 3,094,715 shares, compared to its average volume of 2,080,957. The firm has a market cap of $22.82 billion, a PE ratio of 14.91, a P/E/G ratio of 0.86 and a beta of 1.04. The stock has a fifty day moving average price of $106.81 and a 200 day moving average price of $108.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $140.38.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts' consensus estimates 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. On average, equities analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, March 14th. Global Payments's dividend payout ratio is 16.18%.

Insider Activity at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now directly owns 42,738 shares of the company's stock, valued at approximately $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by corporate insiders.

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.