KFG Wealth Management LLC Purchases Shares of 1,769 Global Payments Inc. (NYSE:GPN)

KFG Wealth Management LLC purchased a new stake in Global Payments Inc. (NYSE:GPN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,769 shares of the business services provider’s stock, valued at approximately $225,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new position in Global Payments in the third quarter valued at approximately $27,000. Clear Street Markets LLC acquired a new position in shares of Global Payments during the fourth quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Global Payments during the fourth quarter worth approximately $30,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Global Payments during the fourth quarter worth approximately $41,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Global Payments during the third quarter worth approximately $47,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Down 0.0 %

Shares of NYSE:GPN opened at $122.13 on Friday. The company has a market capitalization of $31.15 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 0.78 and a beta of 0.96. 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 business has a fifty day moving average price of $130.33 and a two-hundred day moving average price of $124.23. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77.

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

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid 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 26.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on Global Payments from $130.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird upped their target price on Global Payments from $172.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Wedbush upped 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. StockNews.com downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, B. Riley upped their price target on Global Payments from $180.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.92.

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.