Arcadia Investment Management Corp MI Has $1.62 Million Stake in Global Payments Inc. (NYSE:GPN)

Arcadia Investment Management Corp MI boosted its holdings in Global Payments Inc. (NYSE:GPN) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,480 shares of the business services provider’s stock after purchasing an additional 958 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Global Payments were worth $1,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GPN. Cromwell Holdings LLC acquired a new stake in Global Payments in the 3rd quarter worth about $25,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments in the 3rd quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in shares of Global Payments in the 3rd quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after buying an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Global Payments in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 0.9 %

GPN opened at $105.65 on Friday. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $140.38. 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 firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 0.87 and a beta of 1.01. The company’s 50 day moving average price is $110.16 and its two-hundred day moving average price is $108.75.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. As a group, research analysts predict that Global Payments Inc. will post 11.9 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. Global Payments’s dividend payout ratio (DPR) is currently 16.18%.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GPN. JPMorgan Chase & Co. dropped their target price on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Bank of America dropped their target price on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Keefe, Bruyette & Woods boosted their target price on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $122.00 target price (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.33.

Global Payments Company 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.