2,890 Shares in Global Payments Inc. $GPN Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC purchased a new position in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,890 shares of the business services provider’s stock, valued at approximately $231,000.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Global Payments during the 1st quarter worth approximately $30,000. Larson Financial Group LLC boosted its position in shares of Global Payments by 546.6% during the 1st quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock worth $37,000 after acquiring an additional 317 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Global Payments during the 1st quarter worth approximately $37,000. Quarry LP acquired a new stake in shares of Global Payments during the 1st quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Global Payments by 4,866.7% during the 1st quarter. Golden State Wealth Management LLC now owns 447 shares of the business services provider’s stock worth $44,000 after acquiring an additional 438 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of Global Payments stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total transaction of $172,000.00. Following the completion of the transaction, the general counsel owned 30,713 shares of the company’s stock, valued at $2,641,318. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on GPN shares. Evercore ISI raised their target price on shares of Global Payments from $85.00 to $90.00 and gave the company an “in-line” rating in a research report on Friday, August 8th. Royal Bank Of Canada raised their target price on shares of Global Payments from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. TD Cowen lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. B. Riley restated a “buy” rating on shares of Global Payments in a research report on Wednesday, July 16th. Finally, UBS Group raised their target price on shares of Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $103.75.

Global Payments Price Performance

GPN stock opened at $82.89 on Friday. The company has a fifty day moving average price of $85.90 and a 200-day moving average price of $82.26. The company has a market capitalization of $20.11 billion, a P/E ratio of 14.49, a PEG ratio of 0.79 and a beta of 0.98. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $120.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.04. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.36 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 earnings per share. As a group, equities analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 12th. Global Payments’s dividend payout ratio (DPR) is currently 17.48%.

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.