GeoWealth Management LLC Has $199,000 Stock Holdings in Global Payments Inc. (NYSE:GPN)

GeoWealth Management LLC boosted its position in Global Payments Inc. (NYSE:GPN) by 558.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,779 shares of the business services provider’s stock after purchasing an additional 1,509 shares during the period. GeoWealth Management LLC’s holdings in Global Payments were worth $199,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPN. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments in the third quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new stake in Global Payments during the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. bought a new position in Global Payments during the fourth quarter worth $38,000. Manchester Capital Management LLC increased 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 valued at $53,000 after purchasing an additional 300 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Global Payments by 374.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 449 shares during the period. Institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GPN shares. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. TD Cowen downgraded Global Payments from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research report on Monday. Jefferies Financial Group cut Global Payments from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a report on Friday, April 18th. Bank of America decreased their price objective on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on shares of Global Payments from $105.00 to $77.00 and set an “equal weight” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $114.86.

Global Payments Stock Up 0.7 %

Shares of NYSE:GPN opened at $71.86 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $127.66. The company has a market capitalization of $17.67 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a fifty day moving average of $93.34 and a 200-day moving average of $104.30.

Global Payments (NYSE:GPN) last posted its earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14). The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. On average, equities analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is currently 16.18%.

About Global Payments

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.