Goodman Financial Corp Has $13.88 Million Holdings in Global Payments Inc. (NYSE:GPN)

Goodman Financial Corp lifted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 2.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 123,867 shares of the business services provider’s stock after acquiring an additional 2,908 shares during the period. Global Payments accounts for about 3.0% of Goodman Financial Corp’s portfolio, making the stock its 16th biggest position. Goodman Financial Corp’s holdings in Global Payments were worth $13,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GPN. Beaird Harris Wealth Management LLC acquired a new position in Global Payments in the third quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new position in shares of Global Payments during the 4th quarter worth about $37,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Global Payments in the 4th quarter valued at about $38,000. LRI Investments LLC raised its position in shares of Global Payments by 94.4% in the 3rd quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 251 shares during the period. Finally, Manchester Capital Management LLC boosted its stake in Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock worth $53,000 after acquiring an additional 300 shares during the last quarter. 89.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GPN has been the subject of a number of analyst reports. Stephens cut shares of Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $125.00 to $120.00 in a report on Friday, January 10th. 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. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley decreased their target price on Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $122.00 price target (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.33.

Global Payments Trading Down 0.8 %

Global Payments stock opened at $97.30 on Friday. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 0.86 and a beta of 1.04. The firm has a 50-day moving average of $104.82 and a 200-day moving average of $107.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a one year low of $90.99 and a one year high of $136.36.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. On average, equities analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Global Payments’s dividend payout ratio is presently 16.18%.

About Global Payments

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.