Global Payments Inc. (NYSE:GPN) is North Reef Capital Management LP’s 9th Largest Position

North Reef Capital Management LP increased its holdings in Global Payments Inc. (NYSE:GPN) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 881,999 shares of the business services provider’s stock after buying an additional 36,999 shares during the period. Global Payments accounts for approximately 4.4% of North Reef Capital Management LP’s portfolio, making the stock its 9th largest holding. North Reef Capital Management LP’s holdings in Global Payments were worth $98,837,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC purchased a new stake in shares of Global Payments during the 3rd quarter valued at $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Global Payments in the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Global Payments in the fourth quarter worth about $38,000. Manchester Capital Management LLC increased its stake in Global Payments by 177.5% in the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock worth $53,000 after purchasing an additional 300 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Global Payments by 374.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider’s stock valued at $64,000 after buying an additional 449 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

NYSE GPN opened at $71.95 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $17.69 billion, a P/E ratio of 11.64, a PEG ratio of 0.86 and a beta of 0.97. The company has a 50-day moving average price of $92.66 and a 200-day moving average price of $104.12. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $127.06.

Global Payments (NYSE:GPN) last announced its earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. Equities research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, March 14th. Global Payments’s dividend payout ratio is presently 16.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GPN shares. Citigroup reiterated a “buy” rating on shares of Global Payments in a research report on Monday. KeyCorp reduced their target price on shares of Global Payments from $145.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday. Williams Trading set a $75.00 price target on shares of Global Payments in a research report on Friday, April 18th. Stephens cut shares of Global Payments from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $125.00 to $120.00 in a report on Friday, January 10th. Finally, StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has an average rating of “Hold” and a consensus price target of $114.86.

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.