Delphi Management Inc. MA Decreases Position in Global Payments Inc. (NYSE:GPN)

Delphi Management Inc. MA decreased its stake in Global Payments Inc. (NYSE:GPN) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,414 shares of the business services provider’s stock after selling 840 shares during the period. Delphi Management Inc. MA’s holdings in Global Payments were worth $1,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Beaird Harris Wealth Management LLC purchased a new stake in shares of Global Payments in the third quarter worth about $25,000. Whipplewood Advisors LLC acquired a new position in shares of Global Payments in the fourth quarter worth about $37,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Global Payments in the fourth quarter worth about $38,000. LRI Investments LLC lifted its stake in shares of Global Payments by 94.4% in the third quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock worth $53,000 after acquiring an additional 251 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in shares of Global Payments by 177.5% in the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock worth $53,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $122.00 price target (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Barclays cut their price target on Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley cut their price target on Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Stephens cut Global Payments from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $125.00 to $120.00 in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Global Payments Stock Performance

Shares of GPN stock opened at $95.82 on Tuesday. Global Payments Inc. has a 12-month low of $90.99 and a 12-month high of $136.36. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04. The business has a 50 day simple moving average of $105.70 and a 200 day simple moving average of $108.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. On average, equities research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is 16.18%.

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.