U.S. Capital Wealth Advisors LLC Cuts Stock Position in Global Payments Inc. (NYSE:GPN)

U.S. Capital Wealth Advisors LLC decreased its position in shares of Global Payments Inc. (NYSE:GPN) by 45.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,295 shares of the business services provider’s stock after selling 2,700 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Global Payments were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GPN. FMR LLC lifted its position in Global Payments by 40.7% during the 3rd quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock worth $1,078,525,000 after acquiring an additional 2,703,434 shares during the period. Ameriprise Financial Inc. boosted its position in Global Payments by 338.3% in the third quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider’s stock valued at $379,416,000 after buying an additional 2,537,941 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in Global Payments during the 3rd quarter valued at approximately $197,875,000. Boston Partners increased its stake in shares of Global Payments by 40.5% in the third quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock worth $591,613,000 after acquiring an additional 1,481,714 shares during the period. Finally, Alkeon Capital Management LLC lifted its position in Global Payments by 119.0% during the third quarter. Alkeon Capital Management LLC now owns 1,085,772 shares of the business services provider’s stock valued at $125,287,000 after purchasing an additional 590,000 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Price Performance

GPN opened at $110.88 on Wednesday. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 0.72 and a beta of 0.97. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average price is $126.61 and its 200 day moving average price is $124.81. Global Payments Inc. has a 12-month low of $95.12 and a 12-month high of $141.77.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.64 by $0.01. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Global Payments Inc. will post 10.95 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. Global Payments’s payout ratio is currently 19.84%.

Analyst Upgrades and Downgrades

GPN has been the subject of several analyst reports. TD Cowen decreased their price objective on Global Payments from $160.00 to $152.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Susquehanna dropped their price target on shares of Global Payments from $160.00 to $157.00 and set a “positive” rating on the stock in a research report on Thursday, May 2nd. Evercore ISI dropped their target price on Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their price target on Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, B. Riley boosted their price objective on Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.00.

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.