Rothschild Investment LLC Sells 2,559 Shares of Global Payments Inc. (NYSE:GPN)

Rothschild Investment LLC decreased its stake in shares of Global Payments Inc. (NYSE:GPN) by 4.1% in the 4th quarter, Holdings Channel reports. The fund owned 59,269 shares of the business services provider’s stock after selling 2,559 shares during the quarter. Rothschild Investment LLC’s holdings in Global Payments were worth $6,642,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cromwell Holdings LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth about $25,000. Beaird Harris Wealth Management LLC bought a new position in Global Payments in the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in Global Payments in the 3rd quarter valued at about $33,000. LRI Investments LLC increased its holdings in Global Payments by 94.4% in the 3rd quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock valued at $53,000 after buying an additional 251 shares during the period. Finally, Manchester Capital Management LLC boosted its stake in shares of Global Payments by 177.5% in the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

GPN opened at $103.19 on Monday. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $140.38. The business’s fifty day simple moving average is $109.94 and its 200-day simple moving average is $109.00. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.86 and a beta of 1.01. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.14). The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. On average, equities research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, March 14th. Global Payments’s dividend payout ratio is presently 16.18%.

Insiders Place Their Bets

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $116.00 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $122.00 target price (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. JPMorgan Chase & Co. reduced their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Bank of America cut their target price on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Citigroup cut their price objective on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

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.