KFG Wealth Management LLC Invests $225,000 in Global Payments Inc. (NYSE:GPN)

KFG Wealth Management LLC acquired a new position in Global Payments Inc. (NYSE:GPN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,769 shares of the business services provider’s stock, valued at approximately $225,000.

Several other large investors also recently made changes to their positions in GPN. Penserra Capital Management LLC boosted its stake in shares of Global Payments by 6.4% in the first quarter. Penserra Capital Management LLC now owns 1,389 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 83 shares during the period. Coldstream Capital Management Inc. boosted its stake in Global Payments by 3.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 91 shares during the last quarter. Fulton Bank N.A. boosted its stake in Global Payments by 1.7% during the 4th quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock valued at $687,000 after acquiring an additional 93 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Global Payments by 2.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,707 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 94 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in Global Payments by 0.7% during the 4th quarter. Wedmont Private Capital now owns 13,740 shares of the business services provider’s stock valued at $1,828,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Down 0.0 %

Global Payments stock opened at $122.13 on Friday. The stock has a market cap of $31.15 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 0.78 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $130.33 and its two-hundred day moving average price is $124.23. Global Payments Inc. has a 52 week low of $95.12 and a 52 week high of $141.77.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $2.30 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that Global Payments Inc. will post 10.94 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. Global Payments’s payout ratio is currently 26.46%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a research note on Thursday, February 1st. Susquehanna raised their price target on shares of Global Payments from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. Robert W. Baird raised their price target on shares of Global Payments from $172.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Evercore ISI reduced their price target on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Finally, Barclays reduced their price target on shares of Global Payments from $170.00 to $160.00 and set an “overweight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.92.

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.