Michels Family Financial LLC Invests $416,000 in Global Payments Inc. (NYSE:GPN)

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

Other hedge funds have also modified their holdings of the company. Optiver Holding B.V. acquired a new stake in shares of Global Payments in the fourth quarter worth $28,000. Whipplewood Advisors LLC acquired a new position in Global Payments during the fourth quarter valued at $37,000. Quintet Private Bank Europe S.A. purchased a new stake in Global Payments in the fourth quarter valued at $38,000. True Wealth Design LLC acquired a new stake in Global Payments during the 4th quarter worth about $40,000. Finally, Manchester Capital Management LLC raised its stake 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 valued at $53,000 after buying an additional 300 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GPN shares. Cowen cut shares of Global Payments from a "buy" rating to a "hold" rating in a research note on Monday, April 21st. Bank of America decreased their price objective on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Williams Trading set a $75.00 target price on Global Payments in a research report on Friday, April 18th. KeyCorp lifted their price target on Global Payments from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered their price target 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. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $112.43.

Global Payments Trading Up 0.4%

NYSE GPN traded up $0.28 on Thursday, reaching $75.27. The stock had a trading volume of 655,536 shares, compared to its average volume of 2,473,311. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $120.00. The stock has a fifty day moving average price of $82.27 and a two-hundred day moving average price of $100.03. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.86 and a beta of 0.96. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

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

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Global Payments's dividend payout ratio is presently 16.13%.

About Global Payments

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.