Global Payments Inc. (NYSE:GPN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Global Payments Inc. (NYSE:GPN) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,971 shares of the business services provider’s stock after selling 1,806 shares during the period. Yousif Capital Management LLC’s holdings in Global Payments were worth $4,568,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Coldstream Capital Management Inc. boosted its holdings in shares of Global Payments by 3.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock valued at $287,000 after buying an additional 91 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Global Payments by 1.7% during the fourth quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock worth $687,000 after purchasing an additional 93 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of 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 worth $543,000 after purchasing an additional 94 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Global Payments by 0.7% in the 4th quarter. Wedmont Private Capital now owns 13,740 shares of the business services provider’s stock valued at $1,828,000 after purchasing an additional 98 shares during the last quarter. Finally, KB Financial Partners LLC boosted its position in shares of Global Payments by 2.9% in the 3rd quarter. KB Financial Partners LLC now owns 4,069 shares of the business services provider’s stock valued at $470,000 after purchasing an additional 113 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho reiterated a “neutral” rating and issued a $129.00 price objective on shares of Global Payments in a research note on Wednesday, March 27th. BMO Capital Markets lowered their price objective on shares of Global Payments from $138.00 to $137.00 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. Royal Bank of Canada lifted their price objective on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Wedbush increased their target price on shares of Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Finally, Robert W. Baird boosted their price target on Global Payments from $172.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.92.

Global Payments Stock Performance

Shares of GPN stock opened at $124.57 on Friday. The stock has a fifty day moving average price of $129.19 and a 200 day moving average price of $124.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $31.78 billion, a PE ratio of 32.96, a P/E/G ratio of 0.80 and a beta of 0.96. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.01. The business 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 business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 EPS. Sell-side analysts forecast that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently disclosed 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 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 26.46%.

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.