Bryn Mawr Capital Management LLC Sells 18,963 Shares of Global Payments Inc. (NYSE:GPN)

Bryn Mawr Capital Management LLC lowered its holdings in Global Payments Inc. (NYSE:GPN) by 41.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,313 shares of the business services provider’s stock after selling 18,963 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Global Payments were worth $3,061,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GPN. Cromwell Holdings LLC bought a new position in Global Payments in the third quarter worth approximately $25,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Global Payments in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP purchased a new position in shares of Global Payments in the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after acquiring an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Global Payments during the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada cut their target price on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays decreased their target price on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Insider Activity at Global Payments

In other Global Payments 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 stock was purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the purchase, the director now directly owns 42,738 shares in the company, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.98% of the company’s stock.

Global Payments Price Performance

Shares of GPN opened at $105.65 on Friday. The business’s 50-day moving average is $110.16 and its two-hundred day moving average is $108.75. The company has a market capitalization of $26.16 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.86 and a beta of 1.01. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $140.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97.

Global Payments (NYSE:GPN) last posted 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 company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. Research analysts predict that Global Payments Inc. will post 12.08 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is 16.18%.

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.