North Reef Capital Management LP Has $98.84 Million Stock Position in Global Payments Inc. (NYSE:GPN)

North Reef Capital Management LP boosted its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 881,999 shares of the business services provider's stock after buying an additional 36,999 shares during the period. Global Payments accounts for approximately 4.4% of North Reef Capital Management LP's investment portfolio, making the stock its 9th largest holding. North Reef Capital Management LP owned 0.35% of Global Payments worth $98,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GPN. Beaird Harris Wealth Management LLC bought a new position in shares of Global Payments in the third quarter worth $25,000. Whipplewood Advisors LLC bought a new position in Global Payments during the fourth quarter valued at about $37,000. Quintet Private Bank Europe S.A. bought a new position in Global Payments during the fourth quarter valued at about $38,000. Manchester Capital Management LLC increased its stake in Global Payments by 177.5% in the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after purchasing an additional 300 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Global Payments by 374.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider's stock worth $64,000 after buying an additional 449 shares during the period. Institutional investors own 89.76% of the company's stock.

Global Payments Stock Performance

Shares of NYSE GPN traded down $1.00 during trading hours on Wednesday, hitting $75.63. 1,054,875 shares of the stock were exchanged, compared to its average volume of 2,424,758. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. The company's 50 day moving average is $90.75 and its 200 day moving average is $103.63. The firm has a market capitalization of $18.60 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.86 and a beta of 0.97. Global Payments Inc. has a one year low of $65.93 and a one year high of $124.65.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, March 14th. Global Payments's dividend payout ratio (DPR) is presently 16.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Global Payments from a "buy" rating to a "hold" rating and set a $75.00 price target on the stock. in a report on Friday, April 18th. Keefe, Bruyette & Woods lowered shares of Global Payments from an "outperform" rating to a "market perform" rating and cut their price target for the company from $135.00 to $78.00 in a report on Thursday, April 17th. Stephens lowered shares of Global Payments from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $125.00 to $120.00 in a report on Friday, January 10th. Morgan Stanley cut their price target on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, Robert W. Baird cut their price target on shares of Global Payments from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $112.86.

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.