Greenleaf Trust Acquires 316 Shares of Global Payments Inc. (NYSE:GPN)

Greenleaf Trust lifted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 15.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,303 shares of the business services provider’s stock after acquiring an additional 316 shares during the quarter. Greenleaf Trust’s holdings in Global Payments were worth $292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BluePath Capital Management LLC acquired a new stake in Global Payments during the 3rd quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Global Payments during the 4th quarter worth approximately $30,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Global Payments during the 4th quarter worth approximately $41,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Global Payments during the 3rd quarter worth approximately $47,000. Finally, 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 during the last quarter. 89.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GPN. Evercore ISI dropped their price target on Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Wedbush lifted their price objective on Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. B. Riley lifted their price objective on Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a report on Monday, February 5th. KeyCorp lifted their price objective on Global Payments from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Global Payments from $145.00 to $159.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Global Payments currently has an average rating of “Moderate Buy” and a consensus price target of $151.92.

Global Payments Trading Up 0.5 %

Shares of GPN stock opened at $127.47 on Thursday. The firm has a market capitalization of $32.52 billion, a P/E ratio of 33.72, a P/E/G ratio of 0.80 and a beta of 0.96. Global Payments Inc. has a twelve month low of $95.12 and a twelve month high of $141.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $129.64 and its 200 day simple moving average is $124.58.

Global Payments (NYSE:GPN) last released its quarterly earnings results 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. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The business’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Global Payments Inc. will post 10.94 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given 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 0.78%. Global Payments’s dividend payout ratio (DPR) is presently 26.46%.

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.