Dakota Wealth Management Acquires 205 Shares of Global Payments Inc. (NYSE:GPN)

Dakota Wealth Management grew its holdings in Global Payments Inc. (NYSE:GPN) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,419 shares of the business services provider’s stock after acquiring an additional 205 shares during the quarter. Dakota Wealth Management’s holdings in Global Payments were worth $5,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GPN. FMR LLC boosted its position in shares of Global Payments by 40.7% in the third quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock valued at $1,078,525,000 after acquiring an additional 2,703,434 shares during the period. Norges Bank bought a new position in Global Payments in the fourth quarter worth $261,300,000. Ameriprise Financial Inc. lifted its position in Global Payments by 338.3% in the third quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider’s stock worth $379,416,000 after purchasing an additional 2,537,941 shares during the period. Pzena Investment Management LLC bought a new position in Global Payments in the third quarter worth $197,875,000. Finally, Boston Partners lifted its position in Global Payments by 40.5% in the third quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock worth $591,613,000 after purchasing an additional 1,481,714 shares during the period. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN opened at $123.12 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77. The stock has a market cap of $31.41 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 0.79 and a beta of 0.96. The stock’s 50-day moving average price is $131.42 and its two-hundred day moving average price is $124.16.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the business earned $2.30 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Global Payments Inc. will post 10.94 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, March 14th. Global Payments’s dividend payout ratio (DPR) is currently 26.46%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wedbush raised their target price on Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. BMO Capital Markets dropped their price objective on Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 15th. Barclays raised their target price on Global Payments from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Robert W. Baird raised their target price on Global Payments from $172.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Evercore ISI lowered their target price on Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.31.

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.