KFG Wealth Management LLC Has $252,000 Holdings in Global Payments Inc. (NYSE:GPN)

KFG Wealth Management LLC increased its stake in Global Payments Inc. (NYSE:GPN) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,883 shares of the business services provider’s stock after buying an additional 114 shares during the quarter. KFG Wealth Management LLC’s holdings in Global Payments were worth $252,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. SeaCrest Wealth Management LLC acquired a new stake in Global Payments during the 1st quarter valued at $202,000. Oak Thistle LLC acquired a new stake in Global Payments during the 1st quarter valued at $248,000. Talbot Financial LLC lifted its holdings in Global Payments by 7.5% during the 1st quarter. Talbot Financial LLC now owns 50,183 shares of the business services provider’s stock valued at $6,707,000 after purchasing an additional 3,494 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Global Payments during the 1st quarter valued at $203,000. Finally, Oliver Luxxe Assets LLC lifted its holdings in Global Payments by 0.3% during the 1st quarter. Oliver Luxxe Assets LLC now owns 34,435 shares of the business services provider’s stock valued at $4,603,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Buying and Selling at Global Payments

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of Global Payments stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $111.34, for a total transaction of $367,422.00. Following the completion of the sale, the vice president now directly owns 25,209 shares of the company’s stock, valued at approximately $2,806,770.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Global Payments Price Performance

NYSE:GPN opened at $96.55 on Thursday. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.62 and a beta of 0.98. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The business has a 50 day simple moving average of $103.95 and a 200-day simple moving average of $121.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.07. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Equities analysts forecast that Global Payments Inc. will post 11.09 EPS for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GPN shares. Mizuho cut their price target on Global Payments from $129.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, May 15th. Monness Crespi & Hardt lowered their price objective on Global Payments from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Robert W. Baird lowered their price objective on Global Payments from $182.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. KeyCorp lowered their price objective on Global Payments from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Evercore ISI decreased their price target on Global Payments from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.68.

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.