Silver Lake Advisory LLC Acquires 16,418 Shares of Global Payments Inc. (NYSE:GPN)

Silver Lake Advisory LLC increased its position in Global Payments Inc. (NYSE:GPN) by 81.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,683 shares of the business services provider’s stock after buying an additional 16,418 shares during the quarter. Global Payments accounts for approximately 2.6% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 15th largest position. Silver Lake Advisory LLC’s holdings in Global Payments were worth $4,659,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BluePath Capital Management LLC acquired a new position in shares of Global Payments in the 3rd quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Global Payments during the fourth quarter worth approximately $30,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Global Payments in the fourth quarter valued at approximately $41,000. Parkside Financial Bank & Trust boosted its position in shares of Global Payments by 77.7% during the third quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock valued at $47,000 after buying an additional 178 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in Global Payments in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets lowered their target price on shares of Global Payments from $143.00 to $128.00 and set a “market perform” rating for the company in a report on Thursday. TheStreet raised shares of Global Payments from a “c” rating to a “b-” rating in a report on Thursday, February 1st. Mizuho reiterated a “neutral” rating and issued a $129.00 target price on shares of Global Payments in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods cut their price objective on shares of Global Payments from $158.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday. Finally, B. Riley lifted their price target 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.85.

Global Payments Stock Performance

GPN stock traded up $0.86 on Thursday, hitting $109.92. The company had a trading volume of 2,177,424 shares, compared to its average volume of 2,247,255. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. Global Payments Inc. has a 12-month low of $95.12 and a 12-month high of $141.77. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 0.79 and a beta of 0.97. The stock’s 50-day simple moving average is $128.37 and its 200 day simple moving average is $124.82.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.30 earnings per share. As a group, equities research analysts expect that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is currently 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.