Y.D. More Investments Ltd Sells 5,233 Shares of Global Payments Inc. (NYSE:GPN)

Key Points

• Y.D. More Investments Ltd reduced its stake in Global Payments Inc. by 75.3%, selling 5,233 shares and holding only 1,716 shares worth $168,000 as of the latest SEC filing.
• Global Payments reported earnings per share of $3.10 for the last quarter, exceeding the consensus estimate by $0.04, with revenue of $2.36 billion.
• The company announced a quarterly dividend of $0.25 per share, representing a yield of 1.2%, with the payment date set for September 26th.

Y.D. More Investments Ltd trimmed its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 75.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,716 shares of the business services provider's stock after selling 5,233 shares during the period. Y.D. More Investments Ltd's holdings in Global Payments were worth $168,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GPN. 1834 Investment Advisors Co. lifted its holdings in Global Payments by 17.1% in the 1st quarter. 1834 Investment Advisors Co. now owns 2,897 shares of the business services provider's stock worth $284,000 after buying an additional 424 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Global Payments by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,624,288 shares of the business services provider's stock worth $159,050,000 after acquiring an additional 9,755 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in Global Payments in the first quarter worth $457,000. iA Global Asset Management Inc. bought a new stake in Global Payments in the first quarter valued at $393,000. Finally, Factorial Partners LLC increased its position in Global Payments by 8.9% during the 1st quarter. Factorial Partners LLC now owns 42,900 shares of the business services provider's stock valued at $4,201,000 after purchasing an additional 3,500 shares during the period. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Performance

GPN stock opened at $81.89 on Friday. The company has a market cap of $19.97 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.94. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $120.00. The stock's fifty day moving average price is $79.69 and its 200-day moving average price is $87.97.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.04. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.36 billion. Global Payments had a return on equity of 12.47% and a net margin of 15.07%. Global Payments's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 earnings per share. On average, equities analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid 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 dividend yield of 1.2%. Global Payments's payout ratio is 16.13%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GPN shares. Jefferies Financial Group lowered shares of Global Payments from a "buy" rating to a "hold" rating and set a $75.00 target price on the stock. in a research note on Friday, April 18th. Truist Financial lifted their price objective on Global Payments from $79.00 to $83.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Wall Street Zen raised Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Robert W. Baird lowered their target price 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. Finally, Citigroup reiterated a "buy" rating on shares of Global Payments in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Global Payments has a consensus rating of "Hold" and a consensus price target of $112.00.

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.

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