Atria Wealth Solutions Inc. Sells 367 Shares of Global Payments Inc. (NYSE:GPN)

Atria Wealth Solutions Inc. lowered its stake in shares of Global Payments Inc. (NYSE:GPN) by 7.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,854 shares of the business services provider’s stock after selling 367 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Global Payments were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GPN. Millington Financial Advisors LLC bought a new stake in Global Payments in the 4th quarter valued at $1,284,000. GAMMA Investing LLC bought a new stake in shares of Global Payments in the fourth quarter worth about $239,000. Linden Thomas Advisory Services LLC lifted its position in shares of Global Payments by 4.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,413 shares of the business services provider’s stock worth $941,000 after buying an additional 338 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Global Payments by 29.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 526 shares of the business services provider’s stock valued at $67,000 after buying an additional 119 shares during the last quarter. Finally, Foster & Motley Inc. purchased a new position in Global Payments during the 4th quarter valued at approximately $402,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

NYSE:GPN opened at $111.37 on Friday. The firm has a market cap of $28.43 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 0.71 and a beta of 0.97. The stock has a 50 day moving average of $127.50 and a two-hundred day moving average of $124.69. Global Payments Inc. has a 12 month low of $95.12 and a 12 month high of $141.77. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68.

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 company earned $2.30 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid 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 presently 19.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. BMO Capital Markets decreased their price objective on Global Payments from $143.00 to $128.00 and set a “market perform” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods lowered their price objective on shares of Global Payments from $158.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday. Evercore ISI reduced their target price on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. TD Cowen lowered their price target on shares of Global Payments from $160.00 to $152.00 and set a “buy” rating for the company in a report on Thursday. Finally, UBS Group boosted their price objective on Global Payments from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

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.