GHP Investment Advisors Inc. Has $4.78 Million Holdings in Global Payments Inc. (NYSE:GPN)

GHP Investment Advisors Inc. decreased its position in Global Payments Inc. (NYSE:GPN) by 0.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,621 shares of the business services provider’s stock after selling 233 shares during the period. GHP Investment Advisors Inc.’s holdings in Global Payments were worth $4,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Global Payments in the first quarter worth $31,000. LRI Investments LLC acquired a new position in shares of Global Payments in the 1st quarter valued at about $32,000. Cromwell Holdings LLC purchased a new stake in shares of Global Payments in the third quarter worth approximately $25,000. POM Investment Strategies LLC acquired a new stake in shares of Global Payments during the second quarter worth approximately $32,000. Finally, North Star Investment Management Corp. grew its position in Global Payments by 154.7% during the first quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 215 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of Global Payments stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $100.73, for a total transaction of $166,305.23. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.98% of the company’s stock.

Global Payments Price Performance

Shares of GPN stock opened at $99.13 on Friday. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The company has a market capitalization of $25.22 billion, a P/E ratio of 18.16, a P/E/G ratio of 0.74 and a beta of 0.98. The stock has a 50 day moving average of $105.31 and a two-hundred day moving average of $104.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.90 by $0.03. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. Global Payments’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $2.48 earnings per share. As a group, equities analysts expect that Global Payments Inc. will post 11.06 EPS 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Global Payments’s payout ratio is currently 18.32%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. B. Riley cut their price target on Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Monness Crespi & Hardt reduced their target price on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Sanford C. Bernstein lowered shares of Global Payments from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $135.00 to $112.00 in a research note on Tuesday, October 22nd. TD Cowen reduced their price objective on shares of Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.65.

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.