Montag A & Associates Inc. Boosts Holdings in Global Payments Inc. (NYSE:GPN)

Montag A & Associates Inc. increased its stake in shares of Global Payments Inc. (NYSE:GPN) by 51.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,050 shares of the business services provider’s stock after purchasing an additional 9,237 shares during the period. Montag A & Associates Inc.’s holdings in Global Payments were worth $3,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC acquired a new position in Global Payments in the 4th quarter valued at $30,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Global Payments in the fourth quarter valued at approximately $41,000. CVA Family Office LLC purchased a new position in Global Payments during the fourth quarter worth approximately $50,000. Parkside Financial Bank & Trust grew its holdings in Global Payments by 77.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock valued at $47,000 after buying an additional 178 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Global Payments in the 3rd quarter worth $51,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on GPN. Evercore ISI dropped their price target on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Wedbush increased their price target on Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. BMO Capital Markets reduced their price objective on shares of Global Payments from $143.00 to $128.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Royal Bank of Canada lifted their price target on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, Barclays lowered their price objective on shares of Global Payments from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Global Payments Stock Performance

NYSE:GPN traded up $0.51 during trading hours on Thursday, reaching $111.57. 1,726,658 shares of the company’s stock were exchanged, compared to its average volume of 2,278,756. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $28.48 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 0.72 and a beta of 0.97. Global Payments Inc. has a 1-year low of $95.12 and a 1-year high of $141.77. The company has a 50-day moving average of $126.23 and a 200 day moving average of $124.72.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.64 by $0.01. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business earned $2.30 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Global Payments Inc. will post 10.95 EPS for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 0.90%. Global Payments’s dividend payout ratio is currently 19.84%.

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.