4,003 Shares in Global Payments Inc. (NYSE:GPN) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,003 shares of the business services provider’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beaird Harris Wealth Management LLC bought a new position in shares of Global Payments during the 3rd quarter valued at about $25,000. Whipplewood Advisors LLC bought a new stake in shares of Global Payments in the 4th quarter valued at about $37,000. Quintet Private Bank Europe S.A. bought a new position in Global Payments during the 4th quarter worth approximately $38,000. Manchester Capital Management LLC grew its holdings in shares of Global Payments by 177.5% in the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock worth $53,000 after purchasing an additional 300 shares during the last quarter. Finally, LRI Investments LLC boosted its position in Global Payments by 94.4% during the 3rd quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock valued at $53,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 0.4 %

GPN stock opened at $98.30 on Wednesday. The stock has a market capitalization of $24.17 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.86 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a 1-year low of $90.99 and a 1-year high of $129.35. The business has a fifty day moving average price of $103.30 and a 200-day moving average price of $107.16.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. Equities analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. Global Payments’s payout ratio is 16.18%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GPN. Citigroup lowered their price objective on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays reduced their target price on Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $122.00 price objective (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Global Payments currently has an average rating of “Moderate Buy” and an average target price of $134.10.

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.