Integras Partners LLC Purchases Shares of 2,779 Global Payments Inc. (NYSE:GPN)

Integras Partners LLC purchased a new stake in Global Payments Inc. (NYSE:GPN) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,779 shares of the business services provider’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC purchased a new position in Global Payments in the 3rd quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new position in Global Payments in the 4th quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. purchased a new position in Global Payments in the 4th quarter valued at approximately $38,000. LRI Investments LLC boosted its position 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 position in 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 buying an additional 300 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.8 %

NYSE GPN opened at $92.16 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 firm has a market cap of $22.82 billion, a PE ratio of 14.91, a P/E/G ratio of 0.86 and a beta of 1.04. Global Payments Inc. has a one year low of $90.99 and a one year high of $136.36. The firm’s fifty day moving average is $106.42 and its two-hundred day moving average is $108.29.

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

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. Global Payments’s dividend payout ratio is presently 16.18%.

Analyst Ratings Changes

Several research firms have recently issued reports on GPN. Morgan Stanley decreased 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. Stephens cut shares of Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Citigroup decreased 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. Finally, StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.