Global Payments Inc. (NYSE:GPN) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,695 shares of the business services provider’s stock after acquiring an additional 363 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Global Payments were worth $2,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPN. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Global Payments during the fourth quarter valued at about $37,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Global Payments in the 4th quarter valued at approximately $38,000. LRI Investments LLC lifted its holdings in shares of Global Payments by 94.4% in the 3rd quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock worth $53,000 after acquiring an additional 251 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of Global Payments by 177.5% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of NYSE:GPN opened at $99.75 on Thursday. 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 Inc. has a 12 month low of $90.99 and a 12 month high of $129.35. The firm has a market capitalization of $24.53 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.86 and a beta of 0.97. The company’s fifty day moving average price is $103.13 and its 200 day moving average price is $107.11.

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

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. Global Payments’s payout ratio is 16.18%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GPN shares. Bank of America cut their target price on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Morgan Stanley decreased their target price 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. Keefe, Bruyette & Woods dropped their target price on Global Payments from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Monday. Citigroup cut their price target on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays lowered their price objective on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Global Payments presently has an average rating of “Moderate Buy” and an average target price of $134.10.

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.