Global Payments Inc. (NYSE:GPN) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its position in shares of Global Payments Inc. (NYSE:GPN) by 54.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 760 shares of the business services provider’s stock after purchasing an additional 267 shares during the period. Lindbrook Capital LLC’s holdings in Global Payments were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GPN. BluePath Capital Management LLC acquired a new position in Global Payments during the 3rd quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in Global Payments during the 4th quarter worth $30,000. McGlone Suttner Wealth Management Inc. acquired a new position in Global Payments during the 4th quarter worth $41,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Global Payments during the 3rd quarter worth $47,000. Finally, Parkside Financial Bank & Trust grew its holdings in Global Payments by 77.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock worth $47,000 after acquiring an additional 178 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPN has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of Global Payments from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. Wedbush raised their price target on shares of Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Wednesday. Mizuho restated a “neutral” rating and issued a $129.00 price target on shares of Global Payments in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Global Payments from $145.00 to $159.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.92.

Global Payments Stock Performance

Shares of GPN opened at $127.47 on Thursday. The firm’s 50 day moving average is $129.64 and its 200-day moving average is $124.58. The stock has a market capitalization of $32.52 billion, a P/E ratio of 33.72, a P/E/G ratio of 0.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. Global Payments Inc. has a 12-month low of $95.12 and a 12-month high of $141.77.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.01. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 EPS. Equities research analysts anticipate that Global Payments Inc. will post 10.94 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. Global Payments’s dividend payout ratio is currently 26.46%.

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.