Riverview Trust Co Makes New Investment in Global Payments Inc. (NYSE:GPN)

Riverview Trust Co bought a new stake in Global Payments Inc. (NYSE:GPN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 650 shares of the business services provider’s stock, valued at approximately $87,000.

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Global Payments during the fourth quarter valued at approximately $30,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Global Payments in the 4th quarter worth $41,000. Parkside Financial Bank & Trust lifted its holdings in shares of Global Payments by 77.7% in the 3rd 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 during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of 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 bought a new stake in shares of Global Payments in the fourth quarter valued at about $50,000. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

GPN has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on Global Payments from $143.00 to $128.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Evercore ISI decreased their price target on shares of Global Payments from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday. TD Cowen dropped their price objective on shares of Global Payments from $152.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, June 21st. Morgan Stanley raised their target price on Global Payments from $160.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, KeyCorp decreased their target price on Global Payments from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, Global Payments currently has a consensus rating of “Moderate Buy” and an average price target of $145.68.

Global Payments Stock Down 1.4 %

Shares of NYSE:GPN opened at $95.65 on Wednesday. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. The stock has a market cap of $24.41 billion, a P/E ratio of 18.98, a PEG ratio of 0.62 and a beta of 0.98. The business has a fifty day moving average of $106.73 and a two-hundred day moving average of $122.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.07. The firm 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 annualized dividend and a yield of 1.05%. Global Payments’s dividend payout ratio (DPR) is 19.84%.

Insider Buying and Selling at Global Payments

In related news, VP Andrea M. Carter sold 3,300 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $111.34, for a total transaction of $367,422.00. Following the completion of the sale, the vice president now directly owns 25,209 shares of the company’s stock, valued at approximately $2,806,770.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.98% of the company’s stock.

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.