Rothschild Investment LLC Has $74,000 Position in Global Payments Inc. (NYSE:GPN)

Rothschild Investment LLC lessened its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 98.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 760 shares of the business services provider's stock after selling 58,509 shares during the period. Rothschild Investment LLC's holdings in Global Payments were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA increased its holdings in Global Payments by 11.2% during the fourth quarter. Private Trust Co. NA now owns 992 shares of the business services provider's stock valued at $111,000 after buying an additional 100 shares during the period. Truvestments Capital LLC lifted its stake in shares of Global Payments by 2.9% during the fourth quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider's stock worth $413,000 after buying an additional 103 shares during the period. Greenleaf Trust lifted its position in Global Payments by 5.9% during the fourth quarter. Greenleaf Trust now owns 2,068 shares of the business services provider's stock valued at $232,000 after purchasing an additional 115 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Global Payments by 1.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,963 shares of the business services provider's stock valued at $1,228,000 after purchasing an additional 117 shares during the period. Finally, Y.D. More Investments Ltd lifted its position in Global Payments by 1.8% during the fourth quarter. Y.D. More Investments Ltd now owns 6,949 shares of the business services provider's stock valued at $779,000 after purchasing an additional 120 shares during the period. Institutional investors own 89.76% of the company's stock.

Analysts Set New Price Targets

GPN has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on Global Payments from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Truist Financial assumed coverage on Global Payments in a research report on Monday. They set a "hold" rating and a $79.00 price target for the company. Keefe, Bruyette & Woods raised their price target on Global Payments from $78.00 to $81.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. KeyCorp increased their price objective 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. cut their price target on Global Payments from $115.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Global Payments has an average rating of "Hold" and an average price target of $110.91.

Global Payments Trading Up 1.2%

Shares of GPN traded up $0.92 on Wednesday, reaching $76.70. 2,271,924 shares of the company's stock were exchanged, compared to its average volume of 2,471,190. The business has a 50 day moving average price of $80.35 and a two-hundred day moving average price of $98.80. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $18.71 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 0.86 and a beta of 0.96. 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 issued its quarterly earnings data 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. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm's revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.59 earnings per share. Research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's dividend payout ratio is currently 16.13%.

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.