Federated Hermes Inc. Has $14.35 Million Position in Global Payments Inc. (NYSE:GPN)

Federated Hermes Inc. grew its holdings in Global Payments Inc. (NYSE:GPN) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,996 shares of the business services provider’s stock after purchasing an additional 23,105 shares during the quarter. Federated Hermes Inc.’s holdings in Global Payments were worth $14,350,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of GPN. BluePath Capital Management LLC bought a new stake in shares of Global Payments during the third quarter worth $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Global Payments during the fourth quarter worth $30,000. McGlone Suttner Wealth Management Inc. bought a new stake in Global Payments in the fourth quarter valued at about $41,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Global Payments in the third quarter valued at about $47,000. Finally, Parkside Financial Bank & Trust increased its holdings in Global Payments by 77.7% in the third quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GPN shares. BMO Capital Markets dropped their price objective on Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a report on Thursday, February 15th. KeyCorp boosted their target price on Global Payments from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Mizuho reaffirmed a “neutral” rating and set a $129.00 price objective on shares of Global Payments in a research report on Wednesday, March 27th. TheStreet raised Global Payments from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upped their price objective on Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a research 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 stock. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.92.

Global Payments Price Performance

Global Payments stock opened at $124.23 on Tuesday. The stock’s fifty day moving average price is $130.06 and its two-hundred day moving average price is $124.47. Global Payments Inc. has a one year low of $95.12 and a one year 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 firm has a market cap of $31.69 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 0.78 and a beta of 0.96.

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, topping analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company earned $2.30 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that Global Payments Inc. will post 10.94 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, March 14th. Global Payments’s dividend payout ratio is presently 26.46%.

Global Payments 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.