AMG National Trust Bank Makes New Investment in Global Payments Inc. (NYSE:GPN)

AMG National Trust Bank acquired a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,072 shares of the business services provider's stock, valued at approximately $3,043,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Optiver Holding B.V. acquired a new stake in shares of Global Payments during the 4th quarter valued at $28,000. NBC Securities Inc. purchased a new stake in shares of Global Payments in the first quarter valued at $30,000. Larson Financial Group LLC lifted its holdings in shares of Global Payments by 546.6% in the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider's stock valued at $37,000 after purchasing an additional 317 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Global Payments in the fourth quarter valued at $40,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Global Payments by 4,866.7% in the first quarter. Golden State Wealth Management LLC now owns 447 shares of the business services provider's stock valued at $44,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wolfe Research restated a "peer perform" rating on shares of Global Payments in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on Global Payments from $105.00 to $77.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Cowen lowered Global Payments from a "buy" rating to a "hold" rating in a report on Monday, April 21st. KeyCorp increased their target price on Global Payments from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada downgraded shares of Global Payments from an "outperform" rating to a "sector perform" rating and set a $86.00 price target on the stock. in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $111.55.

Global Payments Stock Performance

GPN stock traded down $1.11 during trading on Friday, reaching $81.93. 2,303,685 shares of the stock were exchanged, compared to its average volume of 2,510,897. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a market capitalization of $19.98 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 0.79 and a beta of 0.94. The stock has a 50 day simple moving average of $78.68 and a 200-day simple moving average of $90.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.73 by $0.09. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. Global Payments had a net margin of 15.48% and a return on equity of 12.33%. The company's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $2.59 earnings per share. As a group, sell-side analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, June 13th. Global Payments's dividend payout ratio is 16.13%.

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.