Value Holdings Management CO. LLC lessened its holdings in Global Payments Inc (NYSE:GPN) by 39.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,412 shares of the business services provider’s stock after selling 136,300 shares during the quarter. Global Payments accounts for approximately 13.5% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its biggest holding. Value Holdings Management CO. LLC owned 0.07% of Global Payments worth $38,412,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GPN. Lindbrook Capital LLC increased its position in shares of Global Payments by 19.0% during the third quarter. Lindbrook Capital LLC now owns 400 shares of the business services provider’s stock valued at $64,000 after buying an additional 64 shares during the period. First Financial Corp IN increased its position in shares of Global Payments by 38.5% during the fourth quarter. First Financial Corp IN now owns 234 shares of the business services provider’s stock valued at $43,000 after buying an additional 65 shares during the period. First Hawaiian Bank grew its holdings in shares of Global Payments by 0.7% during the fourth quarter. First Hawaiian Bank now owns 10,394 shares of the business services provider’s stock worth $1,898,000 after purchasing an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Global Payments by 0.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 12,916 shares of the business services provider’s stock worth $2,358,000 after purchasing an additional 72 shares in the last quarter. Finally, Optimum Investment Advisors grew its holdings in shares of Global Payments by 2.4% during the fourth quarter. Optimum Investment Advisors now owns 3,243 shares of the business services provider’s stock worth $592,000 after purchasing an additional 75 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE GPN traded down $0.75 during trading on Wednesday, reaching $190.45. The company had a trading volume of 1,519,173 shares, compared to its average volume of 1,612,713. Global Payments Inc has a 12-month low of $127.48 and a 12-month high of $209.62. The stock has a market cap of $60.05 billion, a PE ratio of 80.70, a P/E/G ratio of 1.53 and a beta of 1.00. The business’s 50-day moving average is $199.00 and its 200 day moving average is $176.61. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.32.
Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.11. Global Payments had a return on equity of 7.25% and a net margin of 8.77%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was up 125.7% on a year-over-year basis. On average, analysts anticipate that Global Payments Inc will post 7.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, March 12th. This is a boost from Global Payments’s previous quarterly dividend of $0.01. This represents a $0.78 annualized dividend and a dividend yield of 0.41%. Global Payments’s dividend payout ratio (DPR) is 13.31%.
In related news, Director Ruth Ann Marshall sold 4,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $203.51, for a total transaction of $814,040.00. Following the sale, the director now directly owns 42,799 shares of the company’s stock, valued at $8,710,024.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joia M. Johnson acquired 560 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of $178.45 per share, for a total transaction of $99,932.00. Following the completion of the transaction, the director now directly owns 2,347 shares of the company’s stock, valued at $418,822.15. The disclosure for this purchase can be found here. Insiders have sold 5,200 shares of company stock worth $1,038,080 over the last ninety days. 0.88% of the stock is currently owned by insiders.
Several analysts have issued reports on GPN shares. BMO Capital Markets upped their target price on Global Payments from $162.00 to $186.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. They noted that the move was a valuation call. Raymond James boosted their price objective on Global Payments from $210.00 to $229.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Wolfe Research set a $195.00 price objective on Global Payments and gave the company a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded Global Payments from a “buy” rating to a “hold” rating and set a $195.00 price objective for the company. in a research report on Thursday, January 2nd. Finally, Credit Suisse Group assumed coverage on Global Payments in a research report on Thursday, January 23rd. They issued an “outperform” rating and a $230.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the stock. Global Payments presently has an average rating of “Buy” and an average target price of $210.42.
About Global Payments
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.
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