Global Payments Inc. (NYSE:GPN) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lowered its position in Global Payments Inc. (NYSE:GPNFree Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,251 shares of the business services provider’s stock after selling 3,230 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Global Payments were worth $14,383,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Waverly Advisors LLC increased its stake in shares of Global Payments by 60.5% during the third quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider’s stock valued at $2,261,000 after acquiring an additional 7,387 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Global Payments by 14.5% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 99,276 shares of the business services provider’s stock valued at $11,455,000 after acquiring an additional 12,560 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Global Payments by 5.3% during the third quarter. Summit Trail Advisors LLC now owns 3,112 shares of the business services provider’s stock valued at $359,000 after acquiring an additional 156 shares during the period. Nordea Investment Management AB grew its position in Global Payments by 2.6% in the fourth quarter. Nordea Investment Management AB now owns 2,980,048 shares of the business services provider’s stock worth $379,777,000 after buying an additional 76,606 shares during the last quarter. Finally, ING Groep NV grew its position in Global Payments by 148.4% in the third quarter. ING Groep NV now owns 491,320 shares of the business services provider’s stock worth $56,693,000 after buying an additional 293,550 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Wedbush upped their target price on shares of Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. BMO Capital Markets reduced their target price on shares of Global Payments from $138.00 to $137.00 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their price target on shares of Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.92.

Read Our Latest Analysis on Global Payments

Global Payments Stock Performance

Shares of GPN stock opened at $127.08 on Thursday. The stock has a market cap of $32.42 billion, a P/E ratio of 33.62, a P/E/G ratio of 0.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average price of $132.89 and a two-hundred day moving average price of $123.79. Global Payments Inc. has a one year low of $95.12 and a one year high of $141.77.

Global Payments (NYSE:GPNGet Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 earnings per share. As a group, equities analysts predict that Global Payments Inc. will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Thursday, March 14th. Global Payments’s payout ratio is presently 26.46%.

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.

See Also

Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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