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Capital City Trust Co. FL Sells 3,375 Shares of Global Payments Inc. (NYSE:GPN)

Global Payments logo with Business Services background

Key Points

  • Capital City Trust Co. FL reduced its stake in Global Payments Inc. by 12.2%, owning 24,290 shares worth approximately $2.38 million after selling 3,375 shares.
  • Recent analysts' reports show a mixed outlook, with price targets varying from $75.00 to $114.00, and a consensus rating of "Hold".
  • The company declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 1.16%.
  • MarketBeat previews top five stocks to own in August.
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Capital City Trust Co. FL cut its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,290 shares of the business services provider's stock after selling 3,375 shares during the quarter. Capital City Trust Co. FL's holdings in Global Payments were worth $2,378,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in GPN. Pzena Investment Management LLC lifted its stake in shares of Global Payments by 0.4% during the first quarter. Pzena Investment Management LLC now owns 8,334,097 shares of the business services provider's stock worth $816,075,000 after purchasing an additional 35,251 shares in the last quarter. Geode Capital Management LLC lifted its position in Global Payments by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider's stock worth $696,362,000 after acquiring an additional 301,877 shares in the last quarter. Norges Bank purchased a new position in Global Payments in the 4th quarter worth approximately $345,823,000. Janus Henderson Group PLC lifted its holdings in Global Payments by 9.8% in the 4th quarter. Janus Henderson Group PLC now owns 2,906,444 shares of the business services provider's stock worth $325,698,000 after buying an additional 259,590 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Global Payments by 12.6% during the fourth quarter. Northern Trust Corp now owns 2,730,471 shares of the business services provider's stock valued at $305,977,000 after acquiring an additional 305,987 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Price Performance

NYSE GPN traded down $1.44 during trading hours on Tuesday, reaching $83.27. The company's stock had a trading volume of 1,651,671 shares, compared to its average volume of 2,024,761. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The stock has a market cap of $20.31 billion, a PE ratio of 13.43, a PEG ratio of 0.81 and a beta of 0.94. The company's 50-day moving average is $78.84 and its two-hundred day moving average is $89.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 0.94.

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

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. Global Payments's dividend payout ratio is currently 16.13%.

Analysts Set New Price Targets

Several research analysts have weighed in on GPN shares. Truist Financial raised their price objective on shares of Global Payments from $79.00 to $83.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Cowen downgraded Global Payments from a "buy" rating to a "hold" rating in a research note on Monday, April 21st. Wolfe Research restated a "peer perform" rating on shares of Global Payments in a research report on Wednesday, April 23rd. Evercore ISI began coverage on shares of Global Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price objective on the stock. Finally, Citigroup restated a "buy" rating on shares of Global Payments in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $111.65.

View Our Latest Analysis on Global Payments

Global Payments Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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