SVB Wealth LLC Invests $605,000 in Global Payments Inc. (NYSE:GPN)

SVB Wealth LLC purchased a new stake in Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,403 shares of the business services provider's stock, valued at approximately $605,000.

Several other institutional investors have also recently made changes to their positions in GPN. Pzena Investment Management LLC raised its stake in Global Payments by 3.4% during the 3rd quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider's stock worth $679,952,000 after buying an additional 215,399 shares during the period. Geode Capital Management LLC increased its holdings in shares of Global Payments by 0.5% during the third quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider's stock valued at $605,078,000 after acquiring an additional 31,934 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Global Payments by 1.5% during the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider's stock worth $564,437,000 after purchasing an additional 83,481 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Global Payments by 13.4% in the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider's stock worth $330,516,000 after purchasing an additional 349,457 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Global Payments by 22.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider's stock valued at $271,090,000 after purchasing an additional 490,411 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

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Insiders Place Their Bets

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the purchase, the director now owns 42,738 shares in the company, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.98% of the company's stock.

Global Payments Stock Performance

Shares of NYSE GPN traded up $0.65 during trading on Friday, reaching $100.79. 2,056,301 shares of the stock traded hands, compared to its average volume of 2,074,907. The company has a 50-day moving average of $108.07 and a 200-day moving average of $108.78. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $140.38. The stock has a market capitalization of $24.96 billion, a P/E ratio of 16.31, 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 current ratio of 0.97 and a quick ratio of 0.93.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14). The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. Analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. Global Payments's payout ratio is 16.18%.

Analysts Set New Price Targets

A number of research analysts have weighed in on GPN shares. Stephens lowered shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $125.00 to $120.00 in a research note on Friday, January 10th. StockNews.com upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley cut their price target on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $122.00 target price (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.