First Hawaiian Bank Sells 9,070 Shares of Global Payments Inc. (NYSE:GPN)

First Hawaiian Bank lowered its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 46.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,365 shares of the business services provider's stock after selling 9,070 shares during the period. First Hawaiian Bank's holdings in Global Payments were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new stake in Global Payments in the 4th quarter worth about $28,000. Whipplewood Advisors LLC acquired a new stake in Global Payments during the fourth quarter worth about $37,000. Quintet Private Bank Europe S.A. bought a new position in Global Payments in the 4th quarter valued at about $38,000. True Wealth Design LLC acquired a new position in shares of Global Payments in the 4th quarter valued at approximately $40,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after acquiring an additional 300 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Performance

Shares of Global Payments stock traded up $0.82 on Wednesday, hitting $76.60. 618,747 shares of the company's stock were exchanged, compared to its average volume of 2,464,788. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market capitalization of $18.68 billion, a PE ratio of 12.39, a PEG ratio of 0.86 and a beta of 0.96. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $120.00. The company has a 50-day simple moving average of $80.35 and a 200-day simple moving average of $98.80.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.73 by $0.09. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.20 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $2.59 earnings per share. As a group, equities analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, June 13th. Global Payments's dividend payout ratio (DPR) is presently 16.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GPN shares. Williams Trading set a $75.00 target price on Global Payments in a research note on Friday, April 18th. Bank of America reduced their price objective on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Keefe, Bruyette & Woods increased their target price on Global Payments from $78.00 to $81.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Truist Financial assumed coverage on Global Payments in a report on Monday. They set a "hold" rating and a $79.00 price target on the stock. Finally, TD Cowen downgraded Global Payments from a "buy" rating to a "hold" rating and set a $78.00 price objective for the company. in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Global Payments currently has a consensus rating of "Hold" and an average price target of $110.91.

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.