RFP Financial Group LLC Has $497,000 Holdings in Global Payments Inc. (NYSE:GPN)

RFP Financial Group LLC lessened its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 46.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,072 shares of the business services provider's stock after selling 4,398 shares during the quarter. RFP Financial Group LLC's holdings in Global Payments were worth $497,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GPN. Brighton Jones LLC acquired a new stake in Global Payments during the 4th quarter worth $725,000. Principal Securities Inc. raised its stake in shares of Global Payments by 8.9% in the 4th quarter. Principal Securities Inc. now owns 2,523 shares of the business services provider's stock valued at $283,000 after purchasing an additional 206 shares during the period. Allworth Financial LP raised its stake in shares of Global Payments by 54.4% in the 4th quarter. Allworth Financial LP now owns 707 shares of the business services provider's stock valued at $77,000 after purchasing an additional 249 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Global Payments by 18.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,525 shares of the business services provider's stock valued at $1,301,000 after purchasing an additional 1,807 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Global Payments by 455.0% in the 4th quarter. Venturi Wealth Management LLC now owns 2,958 shares of the business services provider's stock valued at $331,000 after purchasing an additional 2,425 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Price Performance

Shares of NYSE GPN opened at $76.69 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $18.70 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.73 and a beta of 0.93. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The firm's 50-day simple moving average is $77.18 and its 200 day simple moving average is $95.32.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly 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 net margin of 15.48% and a return on equity of 12.33%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business posted $2.59 EPS. Global Payments's quarterly revenue was down .3% compared to the same quarter last year. As a group, research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's payout ratio is 16.13%.

Analysts Set New Price Targets

Several analysts have issued reports on GPN shares. Keefe, Bruyette & Woods lifted their price target on Global Payments from $78.00 to $81.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Williams Trading set a $75.00 target price on Global Payments in a research report on Friday, April 18th. Cowen downgraded Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Citigroup reaffirmed a "buy" rating on shares of Global Payments in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $110.91.

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.

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