Global Payments Inc. (NYSE:GPN) Shares Bought by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC raised its position in Global Payments Inc. (NYSE:GPN) by 14.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,367 shares of the business services provider’s stock after acquiring an additional 303 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Global Payments were worth $242,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Stanley Capital Management LLC boosted its position in shares of Global Payments by 18.9% during the 2nd quarter. Stanley Capital Management LLC now owns 125,608 shares of the business services provider’s stock worth $12,146,000 after purchasing an additional 20,000 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Global Payments by 12.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 267,483 shares of the business services provider’s stock worth $35,775,000 after purchasing an additional 29,289 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Global Payments during the 1st quarter worth $32,000. State Board of Administration of Florida Retirement System boosted its position in shares of Global Payments by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 302,364 shares of the business services provider’s stock worth $40,414,000 after purchasing an additional 24,415 shares in the last quarter. Finally, Gradient Investments LLC boosted its position in shares of Global Payments by 20.6% during the 2nd quarter. Gradient Investments LLC now owns 172,939 shares of the business services provider’s stock worth $16,723,000 after purchasing an additional 29,503 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Down 1.1 %

GPN opened at $101.74 on Thursday. The firm has a 50 day moving average price of $105.94 and a 200 day moving average price of $106.20. The company has a market cap of $25.97 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 0.74 and a beta of 0.98. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92.

Global Payments (NYSE:GPN) last posted its 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. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.48 EPS. Sell-side analysts expect that Global Payments Inc. will post 11.07 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors 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 yield of 0.98%. The ex-dividend date was Friday, September 13th. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Insider Buying and Selling

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $100.73, for a total value of $166,305.23. Following the completion of the sale, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at $2,068,087.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GPN. JPMorgan Chase & Co. boosted their target price on shares of Global Payments from $111.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. BMO Capital Markets decreased their price objective on shares of Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 25th. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Global Payments in a research report on Wednesday, September 18th. William Blair lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.70.

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.