Mesirow Financial Investment Management Inc. Sells 1,911 Shares of Global Payments Inc. (NYSE:GPN)

Mesirow Financial Investment Management Inc. lessened its holdings in shares of Global Payments Inc. (NYSE:GPN) by 1.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 97,599 shares of the business services provider’s stock after selling 1,911 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Global Payments were worth $9,557,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Optiver Holding B.V. acquired a new position in shares of Global Payments in the 4th quarter valued at $28,000. NBC Securities Inc. bought a new stake in Global Payments during the 1st quarter worth about $30,000. Larson Financial Group LLC grew its stake in shares of Global Payments by 546.6% in the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock valued at $37,000 after buying an additional 317 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Global Payments in the fourth quarter valued at $40,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Global Payments by 4,866.7% in the 1st quarter. Golden State Wealth Management LLC now owns 447 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of several research analyst reports. Truist Financial upped their price objective on Global Payments from $79.00 to $83.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. Cowen lowered Global Payments from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. Evercore ISI assumed coverage on shares of Global Payments in a report on Wednesday, April 9th. They issued an “in-line” rating and a $85.00 price target on the stock. Wall Street Zen raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Global Payments from $81.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $111.65.

Global Payments Stock Performance

Shares of Global Payments stock opened at $83.27 on Wednesday. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $20.31 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.81 and a beta of 0.94. The company’s 50 day moving average price is $78.92 and its two-hundred day moving average price is $89.18.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.09. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Global Payments had a net margin of 15.48% and a return on equity of 12.33%. Global Payments’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 earnings per share. On average, equities analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. Global Payments’s dividend payout ratio (DPR) is presently 16.13%.

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.