Global Payments Inc. (NYSE:GPN) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,392 shares of the business services provider’s stock after selling 416 shares during the quarter. Dakota Wealth Management’s holdings in Global Payments were worth $4,137,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Fidelis Capital Partners LLC boosted its position in Global Payments by 5.1% during the 1st quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock worth $258,000 after acquiring an additional 93 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of Global Payments by 1.2% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock valued at $841,000 after buying an additional 98 shares during the last quarter. Oliver Luxxe Assets LLC lifted its holdings in shares of Global Payments by 0.3% during the 1st quarter. Oliver Luxxe Assets LLC now owns 34,435 shares of the business services provider’s stock valued at $4,603,000 after buying an additional 108 shares during the last quarter. KFG Wealth Management LLC lifted its holdings in shares of Global Payments by 6.4% during the 1st quarter. KFG Wealth Management LLC now owns 1,883 shares of the business services provider’s stock valued at $252,000 after buying an additional 114 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Global Payments by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 28,253 shares of the business services provider’s stock valued at $3,776,000 after buying an additional 135 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GPN. BMO Capital Markets reduced their price target on Global Payments from $126.00 to $122.00 and set a “market perform” rating for the company in a report on Wednesday, September 25th. Jefferies Financial Group reduced their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. KeyCorp reduced their price target on Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. BNP Paribas raised Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. Finally, Oppenheimer began coverage on Global Payments in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.65.

Insiders Place Their Bets

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $100.73, for a total value of $166,305.23. Following the transaction, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.

Global Payments Price Performance

Shares of GPN stock opened at $99.13 on Friday. The stock’s fifty day simple moving average is $105.50 and its 200 day simple moving average is $105.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 0.74 and a beta of 0.98. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.90 by $0.03. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. Global Payments’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 EPS. On average, analysts expect that Global Payments Inc. will post 11.07 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, September 13th. Global Payments’s dividend payout ratio is currently 19.84%.

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.