Romano Brothers AND Company Has $5 Million Holdings in Global Payments Inc. (NYSE:GPN)

Romano Brothers AND Company raised its holdings in Global Payments Inc. (NYSE:GPN) by 26.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,781 shares of the business services provider’s stock after acquiring an additional 10,155 shares during the period. Romano Brothers AND Company’s holdings in Global Payments were worth $4,996,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC grew its position in Global Payments by 5.1% during the 1st quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock worth $258,000 after acquiring an additional 93 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in Global Payments by 1.2% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock valued at $841,000 after purchasing an additional 98 shares during the last quarter. Oliver Luxxe Assets LLC boosted its stake in shares of Global Payments by 0.3% during the first quarter. Oliver Luxxe Assets LLC now owns 34,435 shares of the business services provider’s stock valued at $4,603,000 after purchasing an additional 108 shares in the last quarter. KFG Wealth Management LLC grew its holdings in shares of Global Payments by 6.4% during the first quarter. KFG Wealth Management LLC now owns 1,883 shares of the business services provider’s stock worth $252,000 after purchasing an additional 114 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Global Payments by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 28,253 shares of the business services provider’s stock valued at $3,776,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Activity at Global Payments

In related news, CAO David M. Sheffield sold 1,651 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 20,531 shares in the company, valued at $2,068,087.63. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by corporate insiders.

Global Payments Stock Up 0.6 %

NYSE GPN opened at $99.88 on Thursday. The stock has a 50 day moving average price of $105.69 and a 200-day moving average price of $105.26. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. The company has a market capitalization of $25.49 billion, a P/E ratio of 19.82, a P/E/G ratio of 0.74 and a beta of 0.98. 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 released its earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.03. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 earnings per share. As a group, equities analysts predict that Global Payments Inc. will post 11.07 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Analyst Ratings Changes

GPN has been the topic of several recent research reports. Jefferies Financial Group cut their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. KeyCorp cut their price target on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. William Blair downgraded Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. TD Cowen cut their target price on Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, StockNews.com lowered Global Payments from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.65.

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.