Koss Olinger Consulting LLC Takes Position in Global Payments Inc. (NYSE:GPN)

Key Points

• Koss Olinger Consulting LLC has acquired a new stake in Global Payments Inc. valued at approximately $1.84 million for 18,793 shares.
• The stock of Global Payments is currently down 1.3%, trading at $80.96, with a 52-week range between $65.93 and $120.00.
• The company recently declared a quarterly dividend of $0.25 per share, representing an annualized yield of 1.2%.

Koss Olinger Consulting LLC bought a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 18,793 shares of the business services provider's stock, valued at approximately $1,840,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPN. Optiver Holding B.V. purchased a new position in Global Payments during the 4th quarter worth $28,000. NBC Securities Inc. purchased a new position in Global Payments during the 1st quarter worth $30,000. Larson Financial Group LLC grew its stake in Global Payments by 546.6% during the 1st quarter. Larson Financial Group LLC now owns 375 shares of the business services provider's stock worth $37,000 after buying an additional 317 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Global Payments during the 1st quarter worth $37,000. Finally, True Wealth Design LLC purchased a new position in Global Payments during the 4th quarter worth $40,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Price Performance

GPN stock traded up $1.46 during mid-day trading on Tuesday, reaching $82.29. 2,695,182 shares of the company's stock were exchanged, compared to its average volume of 2,825,770. The company has a market cap of $19.96 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93. The stock's 50 day moving average is $79.92 and its 200 day moving average is $87.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $120.00.

Global Payments (NYSE:GPN - Get Free Report) last released 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 business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.36 billion. Global Payments had a return on equity of 12.47% and a net margin of 15.07%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 earnings per share. On average, research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on GPN. Truist Financial boosted their price target on Global Payments from $79.00 to $83.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. B. Riley reiterated a "buy" rating on shares of Global Payments in a research note on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price target on Global Payments from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Robert W. Baird dropped their price target on Global Payments from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $112.21.

Insider Buying and Selling

In related 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 stock was sold at an average price of $86.00, for a total transaction of $172,000.00. Following the transaction, the general counsel owned 30,713 shares in the company, valued at approximately $2,641,318. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.01% of the company's stock.

Global Payments Company 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.