Congress Wealth Management LLC DE Has $324,000 Holdings in Global Payments Inc. (NYSE:GPN)

Congress Wealth Management LLC DE lifted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,890 shares of the business services provider’s stock after buying an additional 560 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Global Payments were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC grew its holdings in Global Payments by 0.3% during the 3rd quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock worth $2,760,000 after acquiring an additional 86 shares during the period. Sage Capital Advisors llc boosted its position in shares of Global Payments by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock worth $3,164,000 after purchasing an additional 96 shares during the last quarter. SYM FINANCIAL Corp grew its stake in shares of Global Payments by 4.1% during the third quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock worth $250,000 after purchasing an additional 97 shares during the period. Private Trust Co. NA increased its holdings in Global Payments by 11.2% in the fourth quarter. Private Trust Co. NA now owns 992 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 100 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in Global Payments by 2.9% in the fourth quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider’s stock valued at $413,000 after buying an additional 103 shares during the period. 89.76% of the stock is owned by institutional investors.

Global Payments Stock Performance

Shares of NYSE GPN opened at $97.55 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a 50 day moving average price of $103.72 and a 200 day moving average price of $107.34. The stock has a market capitalization of $23.99 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04. Global Payments Inc. has a 52 week low of $90.99 and a 52 week high of $133.63.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($0.14). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Global Payments’s payout ratio is 16.18%.

Wall Street Analysts Forecast Growth

GPN has been the subject of several analyst reports. Stephens lowered Global Payments from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods upped their target price on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays reduced their price target on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their price objective on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.33.

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.