Talbot Financial LLC Buys 3,226 Shares of Global Payments Inc. (NYSE:GPN)

Talbot Financial LLC boosted its stake in Global Payments Inc. (NYSE:GPNFree Report) by 7.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,689 shares of the business services provider’s stock after buying an additional 3,226 shares during the period. Talbot Financial LLC’s holdings in Global Payments were worth $5,930,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Global Payments by 1.3% in the first quarter. State Street Corp now owns 10,819,457 shares of the business services provider’s stock valued at $1,138,638,000 after acquiring an additional 134,403 shares during the last quarter. FMR LLC grew its holdings in shares of Global Payments by 40.7% during the third quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock worth $1,078,525,000 after purchasing an additional 2,703,434 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Global Payments by 1.2% in the second quarter. Geode Capital Management LLC now owns 5,510,433 shares of the business services provider’s stock valued at $541,457,000 after buying an additional 64,912 shares in the last quarter. 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 valued at $591,613,000 after buying an additional 1,481,714 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Global Payments by 2.9% during the 2nd quarter. Franklin Resources Inc. now owns 4,936,859 shares of the business services provider’s stock worth $486,379,000 after buying an additional 140,481 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Up 1.3 %

GPN traded up $1.70 during trading on Wednesday, reaching $133.01. The company had a trading volume of 1,635,941 shares, compared to its average volume of 2,322,059. The company has a market cap of $33.93 billion, a P/E ratio of 35.19, a PEG ratio of 0.84 and a beta of 0.96. Global Payments Inc. has a 12 month low of $95.12 and a 12 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 business’s fifty day moving average price is $132.54 and its 200 day moving average price is $123.39.

Global Payments (NYSE:GPNGet Free Report) 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. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. Equities analysts anticipate that Global Payments Inc. will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.75%. Global Payments’s payout ratio is presently 26.46%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GPN. Mizuho raised their price objective on shares of Global Payments from $110.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. BMO Capital Markets dropped their price objective on shares of Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a research report on Thursday, February 15th. B. Riley increased 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. UBS Group boosted their target price on Global Payments from $130.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price target on Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.92.

Get Our Latest Stock Report on Global Payments

About Global Payments

(Free Report)

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.

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Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPNFree Report).

Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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