Charles Schwab Investment Management Inc. Grows Position in Global Payments Inc. (NYSE:GPN)

Charles Schwab Investment Management Inc. raised its holdings in shares of Global Payments Inc. (NYSE:GPN) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,468,742 shares of the business services provider’s stock after acquiring an additional 40,160 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.56% of Global Payments worth $186,530,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Global Payments during the 4th quarter worth approximately $30,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Global Payments in the fourth quarter worth about $41,000. CVA Family Office LLC acquired a new stake in shares of Global Payments during the 4th quarter valued at about $50,000. Parkside Financial Bank & Trust increased its stake in shares of Global Payments by 77.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 178 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in Global Payments in the 3rd quarter worth about $51,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on Global Payments from $158.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. BMO Capital Markets reduced their target price on Global Payments from $143.00 to $128.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Evercore ISI lowered their price target on Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Susquehanna decreased their price objective on Global Payments from $160.00 to $157.00 and set a “positive” rating on the stock in a report on Thursday, May 2nd. Finally, TD Cowen decreased their price target on shares of Global Payments from $160.00 to $152.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Global Payments Stock Performance

Shares of Global Payments stock opened at $111.57 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $28.48 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 0.72 and a beta of 0.97. The business has a 50-day moving average of $126.23 and a 200 day moving average of $124.72. Global Payments Inc. has a 12 month low of $95.12 and a 12 month high of $141.77.

Global Payments (NYSE:GPN) last announced its quarterly earnings data 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. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.30 earnings per share. As a group, sell-side analysts forecast that Global Payments Inc. will post 10.95 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Global Payments 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.