Global Payments Inc. (NYSE:GPN) Position Boosted by Belpointe Asset Management LLC

Belpointe Asset Management LLC grew its stake in shares of Global Payments Inc. (NYSE:GPN) by 12.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,692 shares of the business services provider’s stock after acquiring an additional 646 shares during the period. Belpointe Asset Management LLC’s holdings in Global Payments were worth $632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sage Capital Advisors llc increased its position in Global Payments by 0.3% during the fourth quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock worth $3,164,000 after buying an additional 96 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Global Payments by 11.2% during the 4th quarter. Private Trust Co. NA now owns 992 shares of the business services provider’s stock worth $111,000 after acquiring an additional 100 shares during the period. Truvestments Capital LLC lifted its stake in Global Payments by 2.9% during the fourth quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider’s stock worth $413,000 after purchasing an additional 103 shares during the period. Greenleaf Trust grew its stake in shares of Global Payments by 5.9% in the 4th quarter. Greenleaf Trust now owns 2,068 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 115 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Global Payments by 1.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,963 shares of the business services provider’s stock worth $1,228,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

GPN has been the subject of a number of recent analyst reports. Citigroup dropped their target price on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group restated a “neutral” rating and set a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Barclays cut their price objective on shares of Global Payments from $125.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday. Morgan Stanley reduced their target price on Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Bank of America decreased their price target on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $129.81.

Global Payments Price Performance

NYSE:GPN opened at $85.45 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock’s 50-day simple moving average is $97.55 and its 200 day simple moving average is $105.46. The company has a market cap of $21.01 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.86 and a beta of 0.97. Global Payments Inc. has a 52-week low of $77.83 and a 52-week high of $127.66.

Global Payments (NYSE:GPN) last announced its quarterly earnings data 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 firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. As a group, sell-side analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Global Payments’s dividend payout ratio (DPR) is 16.18%.

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.