Kestra Private Wealth Services LLC Lowers Stake in Global Payments Inc. (NYSE:GPN)

Kestra Private Wealth Services LLC decreased its position in Global Payments Inc. (NYSE:GPN) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,760 shares of the business services provider’s stock after selling 225 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Global Payments were worth $478,000 as of its most recent SEC filing.

A number of other large investors 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 about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Global Payments during the fourth quarter worth about $30,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Global Payments in the fourth quarter valued at approximately $41,000. CVA Family Office LLC acquired a new position in shares of Global Payments in the fourth quarter valued at approximately $50,000. Finally, Parkside Financial Bank & Trust increased its stake 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 buying an additional 178 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Down 0.3 %

GPN stock opened at $111.09 on Tuesday. The company’s 50-day moving average price is $127.05 and its 200 day moving average price is $124.81. The company has a market cap of $28.36 billion, a P/E ratio of 22.04, a P/E/G ratio of 0.72 and a beta of 0.97. Global Payments Inc. has a 52 week low of $95.12 and a 52 week high of $141.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 EPS. On average, research analysts expect that Global Payments Inc. will post 10.95 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI dropped their price target on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. B. Riley increased their price target on Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Monness Crespi & Hardt decreased their price objective on Global Payments from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Friday. Barclays cut their target price on shares of Global Payments from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Susquehanna decreased their price target on shares of Global Payments from $160.00 to $157.00 and set a “positive” rating for the company in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

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.