Cache Advisors LLC Makes New $606,000 Investment in Global Payments Inc. (NYSE:GPN)

Cache Advisors LLC bought a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,409 shares of the business services provider's stock, valued at approximately $606,000.

Other institutional investors have also added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in Global Payments during the 4th quarter valued at $28,000. Whipplewood Advisors LLC purchased a new position in Global Payments during the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. purchased a new position in Global Payments during the 4th quarter valued at $38,000. True Wealth Design LLC bought a new stake in Global Payments during the 4th quarter valued at $40,000. Finally, Manchester Capital Management LLC raised its position in Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Global Payments Trading Down 1.1%

GPN stock traded down $0.84 during midday trading on Wednesday, hitting $74.91. 4,762,771 shares of the company's stock were exchanged, compared to its average volume of 2,479,164. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $18.27 billion, a PE ratio of 12.12, a P/E/G ratio of 0.86 and a beta of 0.96. The business has a 50-day simple moving average of $82.71 and a two-hundred day simple moving average of $100.21.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.73 by $0.09. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the company earned $2.59 EPS. The company's quarterly revenue was down .3% on a year-over-year basis. On average, sell-side analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Global Payments's payout ratio is currently 16.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GPN shares. Wells Fargo & Company decreased their target price on Global Payments from $105.00 to $77.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Cowen cut Global Payments from a "buy" rating to a "hold" rating in a research note on Monday, April 21st. Robert W. Baird reduced their target price on shares of Global Payments from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Jefferies Financial Group downgraded Global Payments from a "buy" rating to a "hold" rating and set a $75.00 price target on the stock. in a research report on Friday, April 18th. Finally, Barclays dropped their price objective on shares of Global Payments from $125.00 to $110.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Global Payments presently has a consensus rating of "Hold" and a consensus target price of $112.43.

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.