CVA Family Office LLC bought a new stake in Global Payments Inc. (NYSE:GPN – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm bought 395 shares of the business services provider’s stock, valued at approximately $50,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BluePath Capital Management LLC purchased a new position in shares of Global Payments in the third quarter valued at approximately $27,000. Clear Street Markets LLC purchased a new position in Global Payments during the fourth quarter worth approximately $27,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Global Payments during the third quarter worth approximately $47,000. Parkside Financial Bank & Trust lifted its position in Global Payments by 77.7% during the third quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock worth $47,000 after buying an additional 178 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Global Payments during the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.
Global Payments Stock Down 1.8 %
Shares of NYSE GPN opened at $131.77 on Thursday. The stock has a fifty day moving average price of $132.78 and a 200 day moving average price of $123.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The company has a market cap of $33.61 billion, a P/E ratio of 34.86, a P/E/G ratio of 0.85 and a beta of 0.96. Global Payments Inc. has a 12-month low of $95.12 and a 12-month high of $141.77.
Global Payments (NYSE:GPN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, topping the consensus estimate of $2.64 by $0.01. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company posted $2.30 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Global Payments Inc. will post 10.94 EPS for the current fiscal year.
Global Payments Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 14th. Global Payments’s payout ratio is 26.46%.
Analyst Ratings Changes
A number of equities analysts recently commented on GPN shares. TheStreet upgraded Global Payments from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. Royal Bank of Canada lifted their price objective on Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Mizuho reissued a “neutral” rating and set a $129.00 target price on shares of Global Payments in a research note on Wednesday. StockNews.com cut Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Susquehanna raised their target price on Global Payments from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.92.
Read Our Latest Analysis on Global Payments
Global Payments 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.
Featured Stories
Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPN – Free Report).
Receive News & Ratings for Global Payments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Global Payments and related companies with MarketBeat.com’s FREE daily email newsletter.