Global Payments Inc. (NYSE:GPN) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,484 shares of the business services provider’s stock after acquiring an additional 738 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Global Payments were worth $6,665,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Global Payments by 70.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the business services provider’s stock worth $72,000 after purchasing an additional 233 shares during the period. Waverly Advisors LLC grew its position in Global Payments by 60.5% during the third quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider’s stock worth $2,261,000 after buying an additional 7,387 shares during the period. Shaker Investments LLC OH purchased a new position in Global Payments in the fourth quarter valued at about $1,815,000. AFS Financial Group LLC acquired a new stake in shares of Global Payments during the 4th quarter valued at approximately $202,000. Finally, Sigma Investment Counselors Inc. boosted its stake in shares of Global Payments by 1.4% during the 4th quarter. Sigma Investment Counselors Inc. now owns 19,519 shares of the business services provider’s stock worth $2,479,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GPN shares. Mizuho reaffirmed a “neutral” rating and issued a $129.00 price objective on shares of Global Payments in a research note on Wednesday, March 27th. Royal Bank of Canada lifted their price target on Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. UBS Group increased their price objective on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. B. Riley lifted their target price on shares of Global Payments from $180.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Global Payments from $145.00 to $159.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.92.

Global Payments Price Performance

GPN opened at $124.57 on Friday. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77. The company’s 50 day simple moving average is $129.19 and its 200 day simple moving average is $124.65. The stock has a market capitalization of $31.78 billion, a PE ratio of 32.96, a P/E/G ratio of 0.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. Global Payments’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $2.30 EPS. As a group, sell-side analysts expect that Global Payments Inc. will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. Global Payments’s dividend payout ratio (DPR) is 26.46%.

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.