Stratos Wealth Partners LTD. Has $307,000 Stake in Global Payments Inc. (NYSE:GPN)

Stratos Wealth Partners LTD. reduced its position in Global Payments Inc. (NYSE:GPN) by 4.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,130 shares of the business services provider’s stock after selling 158 shares during the period. Stratos Wealth Partners LTD.’s holdings in Global Payments were worth $307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in shares of Global Payments in the fourth quarter valued at about $28,000. NBC Securities Inc. acquired a new position in Global Payments during the first quarter worth approximately $30,000. True Wealth Design LLC acquired a new position in Global Payments during the fourth quarter worth approximately $40,000. Golden State Wealth Management LLC increased its position in Global Payments by 4,866.7% during the first quarter. Golden State Wealth Management LLC now owns 447 shares of the business services provider’s stock worth $44,000 after buying an additional 438 shares during the last quarter. Finally, TFC Financial Management Inc. increased its position in Global Payments by 9,580.0% during the first quarter. TFC Financial Management Inc. now owns 484 shares of the business services provider’s stock worth $47,000 after buying an additional 479 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPN has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded Global Payments from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research report on Friday, April 18th. TD Cowen raised Global Payments from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Monday. Royal Bank Of Canada downgraded Global Payments from an “outperform” rating to a “sector perform” rating and set a $86.00 target price on the stock. in a research report on Friday, April 25th. Wolfe Research reaffirmed a “peer perform” rating on shares of Global Payments in a research report on Wednesday, April 23rd. Finally, Cowen cut Global Payments from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.36.

Global Payments Stock Performance

Shares of Global Payments stock opened at $77.67 on Wednesday. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. The company has a market cap of $18.94 billion, a P/E ratio of 12.53, a PEG ratio of 0.76 and a beta of 0.94. The business has a 50-day moving average price of $78.51 and a two-hundred day moving average price of $91.12. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.09. Global Payments had a net margin of 15.48% and a return on equity of 12.33%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the firm earned $2.59 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.29%. Global Payments’s payout ratio is 16.13%.

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.