Global Payments Inc. (NYSE:GPN) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC raised its position in shares of Global Payments Inc. (NYSE:GPN) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,484 shares of the business services provider’s stock after purchasing an additional 738 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Global Payments were worth $6,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPN. Park Place Capital Corp raised its position in shares of Global Payments by 14.6% during the 3rd quarter. Park Place Capital Corp now owns 1,352 shares of the business services provider’s stock worth $156,000 after buying an additional 172 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Global Payments during the 3rd quarter worth about $288,000. CX Institutional bought a new stake in shares of Global Payments during the 3rd quarter worth about $211,000. Coronation Fund Managers Ltd. raised its position in shares of Global Payments by 1.5% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 455,567 shares of the business services provider’s stock worth $52,568,000 after buying an additional 6,667 shares in the last quarter. Finally, SS&H Financial Advisors Inc. bought a new stake in shares of Global Payments during the 3rd quarter worth about $571,000. 89.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on GPN shares. Barclays dropped 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, April 16th. JPMorgan Chase & Co. increased their target price on shares of Global Payments from $145.00 to $159.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada increased their target price on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Mizuho reissued a “neutral” rating and set a $129.00 target price on shares of Global Payments in a research note on Wednesday, March 27th. Finally, Evercore ISI cut their target price on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Global Payments presently has a consensus rating of “Moderate Buy” and an average target price of $151.92.

Global Payments Stock Down 0.0 %

Global Payments stock opened at $124.57 on Friday. The firm has a market cap of $31.78 billion, a PE ratio of 32.96, a P/E/G ratio of 0.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50 day moving average price is $129.19 and its two-hundred day moving average price is $124.65. Global Payments Inc. has a twelve month low of $95.12 and a twelve month high of $141.77.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating the consensus estimate 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 net margin of 10.22% and a return on equity of 11.44%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. On average, research analysts predict that Global Payments Inc. will post 10.94 EPS for the current fiscal year.

Global Payments Dividend Announcement

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

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.