1,693 Shares in Global Payments Inc. (NYSE:GPN) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new position in Global Payments Inc. (NYSE:GPN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,693 shares of the business services provider’s stock, valued at approximately $225,000.

Other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Global Payments during the fourth quarter worth approximately $30,000. McGlone Suttner Wealth Management Inc. purchased a new position in Global Payments during the fourth quarter valued at approximately $41,000. Parkside Financial Bank & Trust increased its holdings 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 valued at $47,000 after buying an additional 178 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Global Payments by 26.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,922 shares of the business services provider’s stock valued at $48,000 after buying an additional 7,369 shares during the period. Finally, CVA Family Office LLC purchased a new position in Global Payments during the fourth quarter valued at approximately $50,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Monness Crespi & Hardt cut their price objective on shares of Global Payments from $175.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company initiated coverage on shares of Global Payments in a research note on Wednesday, June 12th. They issued an “equal weight” rating and a $100.00 target price for the company. Citigroup lowered their target price on shares of Global Payments from $163.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods lowered their target price on shares of Global Payments from $158.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Finally, Mizuho lowered their target price on shares of Global Payments from $129.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.39.

Insider Transactions at Global Payments

In related news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $111.34, for a total transaction of $367,422.00. Following the transaction, the vice president now directly owns 25,209 shares in the company, valued at $2,806,770.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Global Payments Stock Up 0.7 %

GPN opened at $95.03 on Friday. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The company has a fifty day moving average of $107.81 and a two-hundred day moving average of $122.42. The stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.60 and a beta of 0.98.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 1st. The business services provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.07. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. On average, research analysts expect that Global Payments Inc. will post 11.08 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Global Payments’s dividend payout ratio is currently 19.84%.

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.