APG Asset Management N.V. Buys Shares of 138,900 Global Payments Inc. (NYSE:GPN)

APG Asset Management N.V. acquired a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 138,900 shares of the business services provider's stock, valued at approximately $15,032,000. APG Asset Management N.V. owned approximately 0.05% of Global Payments as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments during the 3rd quarter worth $25,000. Whipplewood Advisors LLC bought a new position in shares of Global Payments in the 4th quarter valued at about $37,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Global Payments during the 4th quarter worth about $38,000. LRI Investments LLC boosted its position in shares of Global Payments by 94.4% in the third quarter. LRI Investments LLC now owns 517 shares of the business services provider's stock valued at $53,000 after acquiring an additional 251 shares during the period. Finally, Manchester Capital Management LLC grew its holdings in shares of Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 89.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on GPN shares. The Goldman Sachs Group restated a "neutral" rating and issued a $122.00 target price (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Citigroup cut their price objective on Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Stephens cut Global Payments from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $125.00 to $120.00 in a research note on Friday, January 10th. Bank of America lowered their price target 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. Finally, StockNews.com raised Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $129.81.

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Global Payments Stock Down 0.3 %

NYSE GPN traded down $0.22 on Wednesday, hitting $85.20. The stock had a trading volume of 325,051 shares, compared to its average volume of 2,234,963. The business's fifty day moving average price is $97.55 and its 200 day moving average price is $105.46. Global Payments Inc. has a 52-week low of $77.83 and a 52-week high of $127.66. 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 stock has a market cap of $20.95 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. Equities research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, March 14th. Global Payments's payout ratio is currently 16.18%.

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.