Arkadios Wealth Advisors Buys Shares of 4,840 Global Payments Inc. (NYSE:GPN)

Key Points

• Arkadios Wealth Advisors acquired a new stake in Global Payments Inc. valued at approximately $474,000, through the purchase of 4,840 shares in the first quarter.
• Global Payments reported earnings of $2.82 EPS for the last quarter, exceeding the consensus estimate by $0.09, with revenue remaining flat year-over-year at $2.20 billion.
• The company recently announced a quarterly dividend of $0.25 per share, representing an annualized payout of $1.00 and a yield of 1.3%.

Arkadios Wealth Advisors purchased a new stake in Global Payments Inc. (NYSE:GPN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,840 shares of the business services provider's stock, valued at approximately $474,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GPN. Optiver Holding B.V. purchased a new stake in Global Payments during the 4th quarter worth about $28,000. NBC Securities Inc. purchased a new stake in Global Payments during the 1st quarter valued at approximately $30,000. Larson Financial Group LLC increased its position in Global Payments by 546.6% during the 1st quarter. Larson Financial Group LLC now owns 375 shares of the business services provider's stock worth $37,000 after purchasing an additional 317 shares during the period. True Wealth Design LLC acquired a new position in Global Payments during the 4th quarter worth approximately $40,000. Finally, Golden State Wealth Management LLC increased its position in Global Payments by 4,866.7% during the 1st quarter. Golden State Wealth Management LLC now owns 447 shares of the business services provider's stock worth $44,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group cut Global Payments from a "buy" rating to a "hold" rating and set a $75.00 target price on the stock. in a report on Friday, April 18th. Evercore ISI increased their target price on Global Payments from $85.00 to $90.00 and gave the stock an "in-line" rating in a research report on Friday. TD Cowen raised Global Payments from a "hold" rating to a "buy" rating and set a $84.00 target price on the stock in a research report on Monday, July 14th. UBS Group increased their target price on Global Payments from $85.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen upgraded Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $112.21.

Global Payments Price Performance

Global Payments stock traded down $0.56 during mid-day trading on Friday, hitting $81.46. The company's stock had a trading volume of 1,016,424 shares, compared to its average volume of 2,807,807. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $19.87 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.82 and a beta of 0.93. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The stock's fifty day moving average price is $79.69 and its two-hundred day moving average price is $87.97.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $3.10 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.04. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The firm had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the company posted $2.93 EPS. The company's quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments's dividend payout ratio (DPR) is 16.13%.

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.