Michels Family Financial LLC Buys Shares of 3,710 Global Payments Inc. (NYSE:GPN)

Michels Family Financial LLC purchased a new stake in Global Payments Inc. (NYSE:GPN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,710 shares of the business services provider's stock, valued at approximately $416,000.

A number of other hedge funds also recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new stake in Global Payments during the fourth quarter worth approximately $277,000. Janney Montgomery Scott LLC raised its stake in shares of Global Payments by 22.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 31,545 shares of the business services provider's stock worth $3,535,000 after buying an additional 5,715 shares in the last quarter. Hengehold Capital Management LLC lifted its holdings in shares of Global Payments by 39.3% in the fourth quarter. Hengehold Capital Management LLC now owns 4,737 shares of the business services provider's stock valued at $531,000 after buying an additional 1,337 shares during the period. Brighton Jones LLC bought a new stake in Global Payments in the fourth quarter worth about $725,000. Finally, Silver Lake Advisory LLC lifted its holdings in Global Payments by 0.8% in the 4th quarter. Silver Lake Advisory LLC now owns 39,121 shares of the business services provider's stock valued at $4,384,000 after acquiring an additional 308 shares during the last quarter. Institutional investors own 89.76% of the company's stock.

Global Payments Stock Up 2.2%

Shares of NYSE GPN traded up $1.62 during mid-day trading on Tuesday, reaching $75.71. The company had a trading volume of 2,088,580 shares, compared to its average volume of 2,470,029. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The stock's 50 day moving average is $83.14 and its 200-day moving average is $100.38. The stock has a market capitalization of $18.46 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.86 and a beta of 0.96.

Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The business services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 12.21% and a net margin of 15.54%. The business's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 EPS. As a group, equities analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's dividend payout ratio (DPR) is presently 16.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GPN. Evercore ISI assumed coverage on shares of Global Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price objective on the stock. Bank of America dropped their price target on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Robert W. Baird reduced their price objective on Global Payments from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their target price on Global Payments from $115.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Morgan Stanley reduced their target price on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $112.43.

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.