NBC Securities Inc. Purchases New Position in Global Payments Inc. (NYSE:GPN)

NBC Securities Inc. purchased a new stake in Global Payments Inc. (NYSE:GPN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 315 shares of the business services provider’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Czech National Bank grew its stake in Global Payments by 3.1% in the 1st quarter. Czech National Bank now owns 56,873 shares of the business services provider’s stock valued at $5,569,000 after buying an additional 1,693 shares during the last quarter. Rhumbline Advisers boosted its holdings in Global Payments by 6.9% in the 1st quarter. Rhumbline Advisers now owns 492,537 shares of the business services provider’s stock valued at $48,229,000 after purchasing an additional 31,696 shares during the period. Investors Research Corp boosted its holdings in Global Payments by 4.2% in the 1st quarter. Investors Research Corp now owns 10,829 shares of the business services provider’s stock valued at $1,060,000 after purchasing an additional 440 shares during the period. GAMMA Investing LLC boosted its holdings in Global Payments by 17,136.2% in the 1st quarter. GAMMA Investing LLC now owns 365,063 shares of the business services provider’s stock valued at $35,747,000 after purchasing an additional 362,945 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Global Payments by 354.0% in the 1st quarter. Versant Capital Management Inc now owns 740 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of NYSE:GPN opened at $74.59 on Friday. The firm’s 50 day moving average price is $78.12 and its 200-day moving average price is $96.78. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $18.19 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.93.

Global Payments (NYSE:GPN) last released its earnings results on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.09. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $2.59 EPS. Equities research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, June 13th. Global Payments’s dividend payout ratio is presently 16.13%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Bank of America cut their price objective on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a report on Friday, February 14th. Wells Fargo & Company cut their price objective on shares of Global Payments from $105.00 to $77.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Truist Financial assumed coverage on shares of Global Payments in a report on Monday, June 2nd. They issued a “hold” rating and a $79.00 price objective for the company. Wolfe Research reissued a “peer perform” rating on shares of Global Payments in a report on Wednesday, April 23rd. Finally, Morgan Stanley cut their price target on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and an average target price of $110.91.

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.