First Financial Corp IN Buys 142 Shares of Global Payments Inc. (NYSE:GPN)

First Financial Corp IN increased its holdings in Global Payments Inc. (NYSE:GPNFree Report) by 39.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505 shares of the business services provider’s stock after acquiring an additional 142 shares during the period. First Financial Corp IN’s holdings in Global Payments were worth $67,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GPN. Turtle Creek Wealth Advisors LLC purchased a new stake in Global Payments in the 4th quarter valued at about $30,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Global Payments during the fourth quarter worth $41,000. Parkside Financial Bank & Trust lifted 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 purchasing an additional 178 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Global Payments by 26.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,922 shares of the business services provider’s stock worth $48,000 after buying an additional 7,369 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in Global Payments in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Performance

NYSE GPN traded down $1.39 on Tuesday, hitting $95.65. The stock had a trading volume of 1,303,902 shares, compared to its average volume of 2,358,537. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.61 and a beta of 0.98. The company’s 50-day moving average is $107.29 and its two-hundred day moving average is $122.28.

Global Payments (NYSE:GPNGet Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.41 by $0.07. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. On average, analysts expect that Global Payments Inc. will post 11.08 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, June 14th. Global Payments’s payout ratio is currently 19.84%.

Insider Buying and Selling at Global Payments

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of Global Payments stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $111.34, for a total value of $367,422.00. Following the transaction, the vice president now owns 25,209 shares of the company’s stock, valued at $2,806,770.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GPN. Citigroup lowered their target price on shares of Global Payments from $163.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets reduced their price target on shares of Global Payments from $143.00 to $128.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Evercore ISI reduced their price target on shares of Global Payments from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday. KeyCorp reduced their price target on shares of Global Payments from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Susquehanna reduced 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 report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.

Get Our Latest Report on Global Payments

Global Payments Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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