Global Payments Inc. (NYSE:GPN) Stock Holdings Cut by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in Global Payments Inc. (NYSE:GPN) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,971 shares of the business services provider’s stock after selling 1,806 shares during the period. Yousif Capital Management LLC’s holdings in Global Payments were worth $4,568,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BluePath Capital Management LLC acquired a new stake in Global Payments during the third quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Global Payments during the 4th quarter valued at $30,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Global Payments during the 4th quarter valued at $41,000. CVA Family Office LLC bought a new stake in shares of Global Payments during the 4th quarter worth $50,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Global Payments in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of GPN opened at $124.57 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $31.78 billion, a PE ratio of 32.96, a PEG ratio of 0.80 and a beta of 0.96. The firm’s 50 day moving average price is $129.19 and its 200 day moving average price is $124.65. Global Payments Inc. has a twelve month low of $95.12 and a twelve month high of $141.77.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.01. The business had revenue of $2.43 billion during 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. As a group, research analysts expect that Global Payments Inc. will post 10.94 EPS for the current fiscal year.

Global Payments Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPN. Robert W. Baird upped their target price on Global Payments from $172.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, April 8th. BMO Capital Markets reduced their price objective on shares of Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 15th. Susquehanna lifted their target price on shares of Global Payments from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. Barclays reduced their price target on shares of Global Payments from $170.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Finally, Wedbush lifted their price objective on shares of Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Payments has an average rating of “Moderate Buy” and an average price target of $151.92.

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.