SS&H Financial Advisors Inc. Purchases 614 Shares of Global Payments Inc. (NYSE:GPN)

SS&H Financial Advisors Inc. boosted its position in shares of Global Payments Inc. (NYSE:GPN) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,759 shares of the business services provider’s stock after purchasing an additional 614 shares during the period. SS&H Financial Advisors Inc.’s holdings in Global Payments were worth $534,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cromwell Holdings LLC purchased a new position in shares of Global Payments during the third quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments during the 3rd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in Global Payments during the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. grew its position in 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 valued at $39,000 after acquiring an additional 143 shares during the last quarter. Finally, Quarry LP increased its stake in Global Payments by 134.4% in the second quarter. Quarry LP now owns 511 shares of the business services provider’s stock worth $49,000 after purchasing an additional 293 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Global Payments Price Performance

Shares of GPN stock opened at $108.16 on Wednesday. The stock’s 50-day simple moving average is $114.24 and its 200-day simple moving average is $106.96. The firm has a market capitalization of $27.53 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is presently 18.83%.

Insider Buying and Selling

In other news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the purchase, the director now owns 42,738 shares in the company, valued at $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of recent analyst reports. Stephens lowered shares of Global Payments from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $125.00 to $120.00 in a research note on Friday, January 10th. Oppenheimer started coverage on shares of Global Payments in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Morgan Stanley lifted their price target on shares of Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Finally, KeyCorp decreased their target price on Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $135.71.

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.