Michels Family Financial LLC Takes $416,000 Position in Global Payments Inc. (NYSE:GPN)

Michels Family Financial LLC acquired a new position in Global Payments Inc. (NYSE:GPN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,710 shares of the business services provider’s stock, valued at approximately $416,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GPN. Private Trust Co. NA boosted its holdings in shares of Global Payments by 11.2% in the fourth quarter. Private Trust Co. NA now owns 992 shares of the business services provider’s stock worth $111,000 after acquiring an additional 100 shares during the period. Truvestments Capital LLC lifted its holdings in Global Payments by 2.9% during the 4th quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider’s stock worth $413,000 after purchasing an additional 103 shares in the last quarter. Greenleaf Trust boosted its stake in Global Payments by 5.9% in the 4th quarter. Greenleaf Trust now owns 2,068 shares of the business services provider’s stock worth $232,000 after purchasing an additional 115 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Global Payments by 1.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,963 shares of the business services provider’s stock valued at $1,228,000 after buying an additional 117 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its holdings in Global Payments by 1.8% during the 4th quarter. Y.D. More Investments Ltd now owns 6,949 shares of the business services provider’s stock valued at $779,000 after buying an additional 120 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of NYSE:GPN opened at $74.12 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock has a market cap of $18.08 billion, a PE ratio of 11.99, a PEG ratio of 0.86 and a beta of 0.96. The company’s fifty day moving average is $83.62 and its 200 day moving average is $100.81. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $120.00.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.73 by $0.09. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the business earned $2.59 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.35%. Global Payments’s payout ratio is currently 16.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GPN shares. Citigroup restated a “buy” rating on shares of Global Payments in a research report on Monday, April 21st. KeyCorp raised their price target on shares of Global Payments from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Jefferies Financial Group lowered shares of Global Payments from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research report on Friday, April 18th. Royal Bank of Canada downgraded Global Payments from an “outperform” rating to a “sector perform” rating and set a $86.00 price objective on the stock. in a research report on Friday, April 25th. Finally, Morgan Stanley dropped their price objective on Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average price target of $112.43.

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.