Dynamic Technology Lab Private Ltd Acquires Shares of 10,385 Global Payments Inc. $GPN

Key Points

• Dynamic Technology Lab Private Ltd purchased a new stake in Global Payments Inc., acquiring 10,385 shares valued at approximately $1,017,000.
• Analysts have mixed views on the stock, with some downgrading their ratings while others have increased target prices; Global Payments currently holds a consensus rating of "Hold".
• The company announced a quarterly dividend of $0.25, which will be paid on September 26th, representing an annualized yield of 1.1%.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,385 shares of the business services provider's stock, valued at approximately $1,017,000.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Global Payments during the 1st quarter valued at about $30,000. Larson Financial Group LLC boosted its holdings in shares of Global Payments by 546.6% during the 1st quarter. Larson Financial Group LLC now owns 375 shares of the business services provider's stock valued at $37,000 after acquiring an additional 317 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Global Payments during the 1st quarter valued at about $37,000. Quarry LP purchased a new stake in shares of Global Payments during the 1st quarter valued at about $42,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of 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 valued at $44,000 after acquiring an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total value of $172,000.00. Following the sale, the general counsel owned 30,713 shares in the company, valued at approximately $2,641,318. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GPN shares. Keefe, Bruyette & Woods raised their price target on shares of Global Payments from $81.00 to $85.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. Truist Financial raised their price target on shares of Global Payments from $79.00 to $83.00 and gave the company a "hold" rating in a report on Thursday, July 17th. KeyCorp reissued an "overweight" rating and issued a $100.00 price objective (up previously from $90.00) on shares of Global Payments in a report on Thursday, August 7th. Royal Bank Of Canada raised their price objective on shares of Global Payments from $86.00 to $93.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Finally, Mizuho raised shares of Global Payments from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $86.00 to $114.00 in a report on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $112.21.

Global Payments Price Performance

NYSE:GPN traded down $1.33 during trading hours on Friday, hitting $85.35. 1,344,702 shares of the stock traded hands, compared to its average volume of 1,990,322. 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 stock has a 50 day moving average price of $84.15 and a 200 day moving average price of $83.96. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $120.00. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.83 and a beta of 0.97.

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

Global Payments Announces Dividend

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

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.