AIA Group Ltd acquired a new position in Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,118 shares of the business services provider's stock, valued at approximately $349,000.
Other large investors also recently modified their holdings of the company. Beaird Harris Wealth Management LLC bought a new stake in Global Payments in the 3rd quarter worth about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Global Payments during the fourth quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Global Payments during the fourth quarter valued at approximately $38,000. Manchester Capital Management LLC lifted its holdings in Global Payments by 177.5% during the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after acquiring an additional 300 shares during the period. Finally, LRI Investments LLC boosted its position in Global Payments by 94.4% in the third quarter. LRI Investments LLC now owns 517 shares of the business services provider's stock worth $53,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 89.76% of the company's stock.
Global Payments Price Performance
Shares of GPN traded down $6.65 during midday trading on Thursday, reaching $92.96. The stock had a trading volume of 3,775,001 shares, compared to its average volume of 2,158,837. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company's 50-day moving average is $102.83 and its 200 day moving average is $107.01. Global Payments Inc. has a 12-month low of $90.99 and a 12-month high of $129.35.
Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results 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). The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. On average, equities analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.
Global Payments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments's payout ratio is presently 16.18%.
Analyst Ratings Changes
A number of research firms have recently commented on GPN. Keefe, Bruyette & Woods lowered their target price on Global Payments from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Citigroup lowered their price target on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley reduced their price objective on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Bank of America lowered their target price on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. One research 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, the company presently has an average rating of "Moderate Buy" and an average target price of $134.10.
Check Out Our Latest Research Report on GPN
About Global Payments
(
Free Report)
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.
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