Geneva Capital Management LLC lowered its holdings in Global Payments Inc. (NYSE:GPN – Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,570 shares of the business services provider’s stock after selling 5,413 shares during the period. Geneva Capital Management LLC owned about 0.05% of Global Payments worth $17,852,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GPN. Everpar Advisors LLC acquired a new stake in shares of Global Payments during the 4th quarter worth approximately $207,000. Charles Schwab Investment Management Inc. increased its position in Global Payments by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,468,742 shares of the business services provider’s stock valued at $186,530,000 after acquiring an additional 40,160 shares during the period. Apollon Wealth Management LLC acquired a new stake in Global Payments in the 4th quarter valued at approximately $303,000. Private Advisor Group LLC increased its position in Global Payments by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 4,501 shares of the business services provider’s stock valued at $572,000 after acquiring an additional 152 shares during the period. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Global Payments in the 4th quarter valued at approximately $635,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.
Global Payments Stock Performance
Shares of Global Payments stock traded down $0.26 during trading on Friday, reaching $111.31. The company’s stock had a trading volume of 247,351 shares, compared to its average volume of 2,255,993. The firm has a market cap of $28.41 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 0.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. Global Payments Inc. has a one year low of $95.12 and a one year high of $141.77. The business’s fifty day moving average price is $126.23 and its 200-day moving average price is $124.72.
Global Payments Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is 19.84%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Global Payments from $145.00 to $159.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Mizuho reaffirmed a “neutral” rating and set a $129.00 price target on shares of Global Payments in a research note on Wednesday, March 27th. Barclays decreased their price target on Global Payments from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. TD Cowen decreased their price target on Global Payments from $160.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Morgan Stanley increased their price target on Global Payments from $160.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.00.
Check Out Our Latest Stock Report on GPN
Global Payments Company 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.
Read More
- Five stocks we like better than Global Payments
- How to Invest in Biotech Stocks
- Unity Software’s Mixed Q1, But Long-Term Outlook Remains Positive
- The How and Why of Investing in Gold Stocks
- JFrog Stock Gets Punished for Solid Results: Buy the Dip
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Will the Surge in GameStop Stock Spark a New Meme Craze?
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.