WESCAP Management Group Inc. Has $835,000 Holdings in Global Payments Inc. (NYSE:GPN)

WESCAP Management Group Inc. raised its holdings in Global Payments Inc. (NYSE:GPN) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,576 shares of the business services provider’s stock after buying an additional 772 shares during the period. WESCAP Management Group Inc.’s holdings in Global Payments were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GPN. FMR LLC grew its position in Global Payments by 40.7% in the 3rd quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock worth $1,078,525,000 after purchasing an additional 2,703,434 shares in the last quarter. Boston Partners boosted its holdings in Global Payments by 40.5% in the 3rd quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock worth $591,613,000 after buying an additional 1,481,714 shares during the period. Victory Capital Management Inc. grew its position in shares of Global Payments by 3.4% in the third quarter. Victory Capital Management Inc. now owns 3,499,860 shares of the business services provider’s stock valued at $403,849,000 after purchasing an additional 116,664 shares in the last quarter. Morgan Stanley increased its position in shares of Global Payments by 2.7% during the third quarter. Morgan Stanley now owns 3,402,869 shares of the business services provider’s stock valued at $392,657,000 after buying an additional 89,057 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Global Payments by 338.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider’s stock worth $379,416,000 after acquiring an additional 2,537,941 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the subject of several research reports. Robert W. Baird cut their target price on Global Payments from $182.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday. B. Riley upped their price objective on Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Royal Bank of Canada lifted their price target on shares of Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, UBS Group raised their price objective on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

Global Payments Stock Up 0.8 %

NYSE GPN traded up $0.83 on Friday, reaching $111.37. 3,191,218 shares of the stock traded hands, compared to its average volume of 2,029,470. Global Payments Inc. has a 12 month low of $95.12 and a 12 month high of $141.77. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.72 and a beta of 0.97. The company has a fifty day moving average price of $127.50 and a 200-day moving average price of $124.69. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 0.92.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm earned $2.30 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts forecast that Global Payments Inc. will post 10.95 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is 19.84%.

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.