Dean Capital Management Buys 3,238 Shares of Global Payments Inc. $GPN

Key Points

• Dean Capital Management increased its stake in Global Payments Inc. by 23.7%, acquiring an additional 3,238 shares, bringing their total holdings to 16,918 shares valued at approximately $1.66 million.
• Global Payments announced a quarterly dividend of $0.25 per share, which will be paid on September 26th, representing a 1.1% dividend yield.
• Several analysts recently upgraded their ratings and price targets for Global Payments, with a consensus price target now at $112.21 and most analysts rating the stock a Buy or Hold.

Dean Capital Management grew its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,918 shares of the business services provider's stock after buying an additional 3,238 shares during the period. Dean Capital Management's holdings in Global Payments were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in GPN. MBB Public Markets I LLC purchased a new position in Global Payments during the first quarter worth about $319,000. United Services Automobile Association bought a new stake in shares of Global Payments in the 1st quarter valued at about $617,000. Caxton Associates LLP bought a new stake in shares of Global Payments in the 1st quarter valued at about $243,000. Sciencast Management LP bought a new position in Global Payments during the 1st quarter valued at approximately $3,546,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Global Payments during the 1st quarter valued at approximately $1,017,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Trading Down 1.5%

GPN traded down $1.33 on Friday, hitting $85.35. The company had a trading volume of 1,344,702 shares, compared to its average volume of 1,949,164. The company has a market cap of $20.71 billion, a PE ratio of 14.92, a PEG ratio of 0.81 and a beta of 0.96. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $120.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The business's fifty day simple moving average is $84.15 and its 200 day simple moving average is $83.82.

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

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.00 annualized dividend and a yield of 1.2%. Global Payments's dividend payout ratio (DPR) is presently 17.48%.

Insider Transactions at Global Payments

In other news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of Global Payments stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total transaction of $172,000.00. Following the completion of the sale, the general counsel owned 30,713 shares of the company's stock, valued at approximately $2,641,318. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Evercore ISI upped their target price on Global Payments from $85.00 to $90.00 and gave the stock an "in-line" rating in a report on Friday, August 8th. Keefe, Bruyette & Woods upped their price target on Global Payments from $81.00 to $85.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. Truist Financial upped their price objective on Global Payments from $79.00 to $83.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on Global Payments from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their price target on Global Payments from $86.00 to $93.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Ten research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $112.21.

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.