Bryn Mawr Capital Management LLC Grows Position in Global Payments Inc. (NYSE:GPN)

Bryn Mawr Capital Management LLC increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,037 shares of the business services provider’s stock after acquiring an additional 1,761 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Global Payments were worth $5,383,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPN. Nordea Investment Management AB increased its stake in Global Payments by 13.4% in the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock valued at $330,516,000 after buying an additional 349,457 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Global Payments by 65.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after buying an additional 785,539 shares in the last quarter. Entropy Technologies LP acquired a new position in Global Payments during the third quarter worth $562,000. Caprock Group LLC grew its stake in Global Payments by 9.8% in the 4th quarter. Caprock Group LLC now owns 2,313 shares of the business services provider’s stock valued at $259,000 after acquiring an additional 206 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Global Payments by 106.1% during the 4th quarter. Van ECK Associates Corp now owns 50,705 shares of the business services provider’s stock worth $5,682,000 after purchasing an additional 26,104 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Down 0.3 %

Shares of Global Payments stock opened at $103.48 on Wednesday. The business has a 50-day moving average of $109.51 and a two-hundred day moving average of $109.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $140.38. The company has a market capitalization of $25.62 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01.

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

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.97%. Global Payments’s dividend payout ratio is presently 16.18%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GPN shares. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Bank of America dropped their target price on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Barclays dropped their price target on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Citigroup reduced their price objective on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $122.00 price target (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.33.

Insiders Place Their Bets

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

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.