Leeward Investments LLC MA Sells 3,851 Shares of Global Payments Inc. (NYSE:GPN)

Leeward Investments LLC MA trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN) by 2.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 142,676 shares of the business services provider’s stock after selling 3,851 shares during the quarter. Leeward Investments LLC MA’s holdings in Global Payments were worth $18,120,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BluePath Capital Management LLC acquired a new position in shares of Global Payments during the third 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. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Global Payments during the third quarter worth approximately $47,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Global Payments by 77.7% during the third quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock worth $47,000 after purchasing an additional 178 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

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. Mizuho reissued a “neutral” rating and issued a $129.00 price target on shares of Global Payments in a research report on Wednesday, March 27th. B. Riley increased 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. JPMorgan Chase & Co. increased their price target on Global Payments from $145.00 to $159.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price target on Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.92.

Global Payments Stock Down 0.0 %

Shares of NYSE GPN opened at $124.57 on Friday. Global Payments Inc. has a 52 week low of $95.12 and a 52 week high of $141.77. The business has a 50-day simple moving average of $129.19 and a two-hundred day simple moving average of $124.65. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. The company has a market cap of $31.78 billion, a P/E ratio of 32.96, a P/E/G ratio of 0.80 and a beta of 0.96.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, topping the consensus estimate of $2.64 by $0.01. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. 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 company earned $2.30 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Global Payments Inc. will post 10.94 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, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. Global Payments’s dividend payout ratio (DPR) 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.