Retireful LLC Boosts Stock Position in Global Payments Inc. (NYSE:GPN)

Retireful LLC increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 231.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,716 shares of the business services provider’s stock after buying an additional 13,760 shares during the period. Global Payments comprises approximately 1.2% of Retireful LLC’s investment portfolio, making the stock its 24th largest holding. Retireful LLC’s holdings in Global Payments were worth $2,209,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Global Payments by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 652,394 shares of the business services provider’s stock worth $63,086,000 after purchasing an additional 17,597 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Global Payments by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider’s stock worth $189,307,000 after acquiring an additional 193,137 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its stake in Global Payments by 8.0% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 5,140 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 380 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Global Payments by 14.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,862 shares of the business services provider’s stock valued at $2,114,000 after acquiring an additional 2,724 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Global Payments by 5.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,016 shares of the business services provider’s stock valued at $1,430,000 after acquiring an additional 759 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Performance

NYSE GPN opened at $109.09 on Friday. The company has a market cap of $27.76 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.75 and a beta of 1.00. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $141.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50-day moving average of $114.12 and a two-hundred day moving average of $106.97.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is currently 18.83%.

Analysts Set New Price Targets

A number of equities analysts recently commented on GPN shares. TD Cowen reduced their price objective on Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Oppenheimer initiated coverage on Global Payments in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Seaport Res Ptn lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. BTIG Research cut shares of Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group decreased their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus price target of $135.71.

Insiders Place Their Bets

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $116.00 per share, with a total value of $672,800.00. Following the purchase, the director now directly owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.98% of the stock is owned by company insiders.

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.