Foundations Investment Advisors LLC Has $640,000 Stake in Global Payments Inc. (NYSE:GPN)

Key Points

• Foundations Investment Advisors LLC increased its holdings in Global Payments Inc. by 188.1% in Q1, bringing the value of its stake to $640,000 with a total of 6,536 shares.
• Latest analyst ratings show that Global Payments has multiple buy and hold ratings, with a consensus target price of $111.65.
• The company recently declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 1.3%.

Foundations Investment Advisors LLC raised its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 188.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,536 shares of the business services provider's stock after buying an additional 4,267 shares during the quarter. Foundations Investment Advisors LLC's holdings in Global Payments were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GPN. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Global Payments by 0.4% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,902 shares of the business services provider's stock worth $3,795,000 after purchasing an additional 122 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Global Payments by 3.8% during the 1st quarter. Perigon Wealth Management LLC now owns 3,932 shares of the business services provider's stock worth $385,000 after purchasing an additional 144 shares during the period. Transcend Capital Advisors LLC grew its holdings in shares of Global Payments by 7.9% during the 1st quarter. Transcend Capital Advisors LLC now owns 2,135 shares of the business services provider's stock worth $209,000 after purchasing an additional 157 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Global Payments by 4.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 4,342 shares of the business services provider's stock worth $425,000 after purchasing an additional 171 shares during the period. Finally, Vident Advisory LLC grew its holdings in shares of Global Payments by 1.7% during the 4th quarter. Vident Advisory LLC now owns 10,382 shares of the business services provider's stock worth $1,163,000 after purchasing an additional 172 shares during the period. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Down 0.9%

Shares of GPN stock traded down $0.69 during trading on Tuesday, reaching $78.20. The company's stock had a trading volume of 1,425,388 shares, compared to its average volume of 2,781,880. The business has a fifty day moving average price of $79.29 and a 200-day moving average price of $88.24. Global Payments Inc. has a one year low of $65.93 and a one year high of $120.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.73 by $0.09. Global Payments had a return on equity of 12.33% and a net margin of 15.48%. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the prior year, the firm posted $2.59 earnings per share. The business's quarterly revenue was down .3% compared to the same quarter last year. Analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments's dividend payout ratio is 16.13%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GPN. Barclays decreased their target price on Global Payments from $125.00 to $110.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. B. Riley restated a "buy" rating on shares of Global Payments in a report on Wednesday, July 16th. Wells Fargo & Company decreased their price target on Global Payments from $105.00 to $77.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Truist Financial upped their price target on Global Payments from $79.00 to $83.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Finally, Evercore ISI began coverage on Global Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price target for the company. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.65.

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.