SVB Wealth LLC Boosts Stake in Global Payments Inc. (NYSE:GPN)

SVB Wealth LLC lifted its holdings in Global Payments Inc. (NYSE:GPN) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,221 shares of the business services provider’s stock after buying an additional 305 shares during the period. SVB Wealth LLC’s holdings in Global Payments were worth $1,044,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Penserra Capital Management LLC lifted its holdings in Global Payments by 6.4% during the first quarter. Penserra Capital Management LLC now owns 1,389 shares of the business services provider’s stock worth $190,000 after acquiring an additional 83 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Global Payments by 3.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock worth $287,000 after purchasing an additional 91 shares during the period. Fulton Bank N.A. boosted its holdings in shares of Global Payments by 1.7% in the 4th quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock worth $687,000 after buying an additional 93 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Global Payments by 2.0% during the third quarter. Stratos Wealth Partners LTD. now owns 4,707 shares of the business services provider’s stock valued at $543,000 after buying an additional 94 shares during the period. Finally, Wedmont Private Capital increased its holdings in Global Payments by 0.7% during the fourth quarter. Wedmont Private Capital now owns 13,740 shares of the business services provider’s stock worth $1,828,000 after buying an additional 98 shares during the last quarter. 89.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GPN. UBS Group boosted their target price on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Susquehanna lifted their price target on shares of Global Payments from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. Evercore ISI reduced their price objective on Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Royal Bank of Canada raised their target price on Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, B. Riley upped their price target on Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has a consensus rating of “Moderate Buy” and an average price target of $151.92.

Global Payments Stock Down 0.6 %

Shares of Global Payments stock opened at $122.16 on Friday. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50-day moving average of $130.61 and a 200 day moving average of $124.19. The firm has a market cap of $31.16 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 0.79 and a beta of 0.96.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. Global Payments’s payout ratio is presently 26.46%.

Global Payments Company 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.