342 Shares in Global Payments Inc. (NYSE:GPN) Acquired by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. bought a new position in Global Payments Inc. (NYSE:GPN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 342 shares of the business services provider’s stock, valued at approximately $38,000.

Other institutional investors also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments during the third quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Global Payments during the third quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new stake in shares of Global Payments during the fourth quarter valued at approximately $37,000. LRI Investments LLC increased its position in shares of Global Payments by 94.4% during the third quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 251 shares during the period. Finally, Manchester Capital Management LLC increased its position in shares of Global Payments by 177.5% during the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 300 shares during the period. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN stock opened at $102.80 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $140.38. The company has a market cap of $25.45 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.86 and a beta of 1.01. The business has a fifty day simple moving average of $108.87 and a 200 day simple moving average of $108.97.

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

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.97%. Global Payments’s dividend payout ratio is presently 16.18%.

Analyst Ratings Changes

GPN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Bank of America reduced their price objective on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 price target (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Citigroup decreased their price target on Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley reduced their target price on Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.33.

Insider Buying and Selling at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the transaction, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

Global Payments 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.