SS&H Financial Advisors Inc. Buys 614 Shares of Global Payments Inc. (NYSE:GPN)

SS&H Financial Advisors Inc. increased its stake in Global Payments Inc. (NYSE:GPN) by 14.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,759 shares of the business services provider’s stock after purchasing an additional 614 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Global Payments were worth $534,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC boosted its stake in shares of Global Payments by 4.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,708 shares of the business services provider’s stock worth $303,000 after buying an additional 127 shares during the last quarter. Fiduciary Financial Group LLC bought a new position in Global Payments in the fourth quarter valued at about $282,000. Pallas Capital Advisors LLC boosted its position in Global Payments by 10.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,402 shares of the business services provider’s stock worth $605,000 after purchasing an additional 530 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Global Payments by 1.8% during the 4th quarter. Wedmont Private Capital now owns 17,973 shares of the business services provider’s stock valued at $1,900,000 after purchasing an additional 322 shares during the period. Finally, Fiduciary Alliance LLC purchased a new stake in shares of Global Payments during the 4th quarter valued at about $678,000. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Seaport Res Ptn downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. B. Riley decreased their target price on Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Barclays boosted their price target on Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Monness Crespi & Hardt decreased their price objective on Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $135.71.

Global Payments Price Performance

Shares of Global Payments stock opened at $108.16 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The stock has a 50 day moving average of $114.24 and a 200 day moving average of $106.96. The firm has a market cap of $27.53 billion, a PE ratio of 20.37, a PEG ratio of 0.88 and a beta of 1.00.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is presently 18.83%.

Insider Buying and Selling

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of Global Payments stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $116.00 per share, with a total value of $672,800.00. Following the completion of the purchase, the director now directly owns 42,738 shares of the company’s stock, valued at $4,957,608. The trade was a 15.70 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.98% of the stock is currently owned by company 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.