Global Payments Inc. (NYSE:GPN) Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. increased its stake in shares of Global Payments Inc. (NYSE:GPN) by 2.0% during the 3rd quarter, Holdings Channel reports. The fund owned 51,987 shares of the business services provider’s stock after purchasing an additional 1,039 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Global Payments were worth $5,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new stake in Global Payments in the 1st quarter worth approximately $31,000. LRI Investments LLC acquired a new position in shares of Global Payments in the first quarter worth about $32,000. POM Investment Strategies LLC acquired a new position in Global Payments in the 2nd quarter worth about $32,000. West Paces Advisors Inc. raised its stake in shares of Global Payments by 54.5% during the 1st quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock worth $41,000 after buying an additional 109 shares during the period. Finally, North Star Investment Management Corp. lifted its position in shares of Global Payments by 154.7% during the 1st quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock valued at $47,000 after buying an additional 215 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Trading Up 0.4 %

GPN stock traded up $0.37 during mid-day trading on Wednesday, hitting $103.22. 125,306 shares of the company were exchanged, compared to its average volume of 2,265,469. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77. The firm has a market capitalization of $26.35 billion, a P/E ratio of 20.53, a PEG ratio of 0.74 and a beta of 0.98. The business has a fifty day simple moving average of $105.89 and a 200-day simple moving average of $106.23. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.03. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.48 EPS. On average, equities research analysts predict that Global Payments Inc. will post 11.07 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.25 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. Global Payments’s dividend payout ratio is presently 19.84%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Seaport Res Ptn cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Monness Crespi & Hardt lowered their target price on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Susquehanna reiterated a “positive” rating and issued a $147.00 target price on shares of Global Payments in a research report on Tuesday, September 17th. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Global Payments in a research note on Wednesday, September 18th. Finally, Morgan Stanley cut their price objective on shares of Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $139.55.

Insider Buying and Selling

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of Global Payments stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.73, for a total value of $166,305.23. Following the completion of the transaction, the chief accounting officer now directly owns 20,531 shares of the company’s stock, valued at $2,068,087.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.98% of the stock is owned by corporate insiders.

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.