Investment House LLC Has $8.72 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Investment House LLC lifted its stake in shares of Global Payments Inc. (NYSE:GPN) by 90.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,669 shares of the business services provider’s stock after purchasing an additional 32,658 shares during the period. Investment House LLC’s holdings in Global Payments were worth $8,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BluePath Capital Management LLC acquired a new stake in shares of Global Payments during the third quarter worth $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Global Payments during the fourth quarter valued at $30,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Global Payments during the fourth quarter valued at $41,000. Parkside Financial Bank & Trust grew its holdings in shares of 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 in the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of Global Payments during the fourth quarter valued at $50,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Price Performance

Shares of GPN traded up $0.72 during mid-day trading on Monday, reaching $125.29. The company had a trading volume of 1,278,757 shares, compared to its average volume of 2,138,989. Global Payments Inc. has a twelve month low of $95.12 and a twelve month high of $141.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day moving average is $129.19 and its 200-day moving average is $124.79. The company has a market capitalization of $31.96 billion, a P/E ratio of 33.22, a P/E/G ratio of 0.80 and a beta of 0.96.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $2.30 EPS. On average, equities analysts anticipate that Global Payments Inc. will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, March 14th. Global Payments’s dividend payout ratio (DPR) is currently 26.46%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GPN. Wedbush boosted their target price on Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. KeyCorp upped their price target on Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. UBS Group upped their price target on Global Payments from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. BMO Capital Markets decreased their price target on Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 15th. Finally, B. Riley boosted their price objective on Global Payments from $180.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Global Payments presently has an average rating of “Moderate Buy” and a consensus target price of $151.92.

Global Payments 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.