Global Payments Inc. (NYSE:GPN) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its position in Global Payments Inc. (NYSE:GPN) by 6.1% in the 4th quarter, Holdings Channel reports. The fund owned 3,823 shares of the business services provider’s stock after acquiring an additional 221 shares during the period. EverSource Wealth Advisors LLC’s holdings in Global Payments were worth $428,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Beaird Harris Wealth Management LLC acquired a new stake in Global Payments in the third quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new position in shares of Global Payments during the 4th quarter worth approximately $37,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Global Payments in the 4th quarter valued at approximately $38,000. Manchester Capital Management LLC boosted its stake in shares of Global Payments by 177.5% in the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock valued at $53,000 after buying an additional 300 shares in the last quarter. Finally, LRI Investments LLC grew its holdings in Global Payments by 94.4% during the third 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 period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

GPN has been the subject of a number of recent analyst reports. Bank of America reduced their target price on Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a report on Friday, February 14th. Morgan Stanley decreased their price objective on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Stephens lowered Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $125.00 to $120.00 in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has a consensus rating of “Moderate Buy” and an average price target of $134.33.

Global Payments Stock Performance

Shares of GPN opened at $94.15 on Friday. Global Payments Inc. has a 1 year low of $90.99 and a 1 year high of $136.36. The company’s 50 day simple moving average is $106.05 and its 200 day simple moving average is $108.18. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 0.86 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97.

Global Payments (NYSE:GPN) last issued its quarterly earnings results 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 business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. On average, sell-side analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is 16.18%.

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.