Roberts Glore & Co. Inc. IL Sells 3,959 Shares of Global Payments Inc. (NYSE:GPN)

Roberts Glore & Co. Inc. IL trimmed its position in Global Payments Inc. (NYSE:GPN) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,775 shares of the business services provider’s stock after selling 3,959 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Global Payments were worth $871,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GPN. Beaird Harris Wealth Management LLC bought a new position in Global Payments in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in Global Payments in the 3rd quarter valued at $33,000. Whipplewood Advisors LLC bought a new position in Global Payments in the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. bought a new position in Global Payments in the 4th quarter valued at $38,000. Finally, LRI Investments LLC boosted 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 purchasing an additional 251 shares during the period. 89.76% of the stock is owned by institutional investors.

Insider Activity at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the transaction, the director now directly 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 SEC, which is available at this hyperlink. 0.98% of the stock is owned by corporate insiders.

Global Payments Price Performance

GPN stock opened at $100.79 on Friday. The firm’s 50-day moving average price is $107.84 and its two-hundred day moving average price is $108.72. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $140.38. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.86 and a beta of 1.04. 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 released its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.31 billion. As a group, equities analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments’s dividend payout ratio is currently 16.18%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GPN. Citigroup dropped their price objective on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their price objective on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Bank of America dropped their price objective on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Stephens downgraded shares of Global Payments from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $125.00 to $120.00 in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Global Payments presently has an average rating of “Moderate Buy” and an average price target of $134.33.

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.