Compton Wealth Advisory Group LLC Takes Position in Global Payments Inc. (NYSE:GPN)

Compton Wealth Advisory Group LLC bought a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,989 shares of the business services provider’s stock, valued at approximately $204,000.

Several other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Global Payments during the 4th quarter worth $7,781,000. HighPoint Advisor Group LLC acquired a new stake in Global Payments during the 4th quarter worth $225,000. Nomura Holdings Inc. boosted its stake in Global Payments by 101.6% during the 4th quarter. Nomura Holdings Inc. now owns 52,204 shares of the business services provider’s stock worth $6,630,000 after purchasing an additional 26,306 shares during the last quarter. CWM LLC boosted its stake in Global Payments by 2.3% during the 1st quarter. CWM LLC now owns 29,673 shares of the business services provider’s stock worth $3,966,000 after purchasing an additional 675 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Global Payments by 8.9% during the 1st quarter. GAMMA Investing LLC now owns 1,951 shares of the business services provider’s stock worth $261,000 after purchasing an additional 160 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Stock Up 1.7 %

Shares of NYSE:GPN opened at $100.61 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $25.68 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 0.74 and a beta of 0.98. The firm’s 50-day moving average is $105.49 and its two-hundred day moving average is $106.84. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.03. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the firm earned $2.48 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts predict that Global Payments Inc. will post 11.07 EPS for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 13th. Global Payments’s dividend payout ratio is presently 19.84%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BNP Paribas raised shares of Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. William Blair lowered Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. B. Riley reduced their price target on Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Seaport Res Ptn lowered Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Global Payments in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.55.

Insider Transactions at Global Payments

In other news, CAO David M. Sheffield sold 1,651 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.73, for a total transaction of $166,305.23. Following the completion of the transaction, the chief accounting officer now directly owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.98% of the company’s stock.

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.