Global Payments Inc. (NYSE:GPN) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in Global Payments Inc. (NYSE:GPN) by 89.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,024 shares of the business services provider’s stock after selling 16,535 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Global Payments were worth $271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Global Payments in the 4th quarter valued at about $30,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Global Payments in the 4th quarter valued at about $41,000. Parkside Financial Bank & Trust lifted its holdings in shares of 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 during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Global Payments by 26.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,922 shares of the business services provider’s stock valued at $48,000 after buying an additional 7,369 shares during the period. Finally, CVA Family Office LLC acquired a new position in shares of Global Payments in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 0.5 %

Shares of Global Payments stock opened at $95.14 on Thursday. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.61 and a beta of 0.98. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average of $106.73 and a 200 day moving average of $122.10.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.07. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. As a group, research analysts predict that Global Payments Inc. will post 11.08 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is 19.84%.

Insiders Place Their Bets

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $111.34, for a total transaction of $367,422.00. Following the transaction, the vice president now directly owns 25,209 shares in the company, valued at $2,806,770.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GPN has been the subject of a number of analyst reports. Susquehanna reduced their price target on Global Payments from $160.00 to $157.00 and set a “positive” rating for the company in a report on Thursday, May 2nd. TD Cowen reduced their price target on Global Payments from $152.00 to $125.00 and set a “buy” rating for the company in a report on Friday, June 21st. Citigroup reduced their price target on Global Payments from $163.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. StockNews.com cut Global Payments from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Finally, Monness Crespi & Hardt reduced their price target on Global Payments from $175.00 to $165.00 and set a “buy” rating for the company in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.

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.