Global Payments Inc. (NYSE:GPN) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its holdings in Global Payments Inc. (NYSE:GPN) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,139 shares of the business services provider’s stock after acquiring an additional 782 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Global Payments were worth $1,222,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in Global Payments by 18.8% during the 1st quarter. Global Retirement Partners LLC now owns 524 shares of the business services provider’s stock worth $70,000 after acquiring an additional 83 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Global Payments by 1.9% in the first quarter. Assenagon Asset Management S.A. now owns 4,752 shares of the business services provider’s stock worth $635,000 after purchasing an additional 90 shares in the last quarter. Fulton Bank N.A. increased its holdings in Global Payments by 1.7% in the fourth quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock valued at $687,000 after buying an additional 93 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in Global Payments by 5.1% during the first quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock valued at $258,000 after buying an additional 93 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in Global Payments by 30.9% during the 1st quarter. CENTRAL TRUST Co now owns 453 shares of the business services provider’s stock worth $61,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 0.4 %

Shares of GPN stock opened at $102.00 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $26.04 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 0.65 and a beta of 0.98. The business’s fifty day moving average is $98.04 and its 200-day moving average is $116.84. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77.

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

Wall Street Analyst Weigh In

GPN has been the subject of a number of research analyst reports. StockNews.com downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Morgan Stanley increased their target price on shares of Global Payments from $160.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Mizuho decreased their price target on shares of Global Payments from $129.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, May 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Finally, Barclays decreased their target price on Global Payments from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Global Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.32.

Insider Activity

In related news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $111.34, for a total value of $367,422.00. Following the sale, the vice president now directly owns 25,209 shares in the company, valued at approximately $2,806,770.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock.

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.