Arrowstreet Capital Limited Partnership Has $140.77 Million Holdings in Global Payments Inc. (NYSE:GPN)

Arrowstreet Capital Limited Partnership lifted its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 50.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,256,238 shares of the business services provider's stock after acquiring an additional 420,739 shares during the period. Arrowstreet Capital Limited Partnership owned 0.49% of Global Payments worth $140,774,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments in the third quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new stake in Global Payments in the 4th quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. bought a new stake in Global Payments during the 4th quarter valued at $38,000. LRI Investments LLC raised its stake in Global Payments by 94.4% during the 3rd 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 in the last quarter. Finally, Manchester Capital Management LLC boosted its position in 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 acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPN. Citigroup cut their price objective on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Barclays dropped their price target on shares of Global Payments from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $125.00 to $120.00 in a report on Friday, January 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 target price (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Finally, Keefe, Bruyette & Woods decreased their price target on Global Payments from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Global Payments currently has a consensus rating of "Moderate Buy" and an average price target of $134.10.

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Global Payments Stock Down 8.8 %

Shares of GPN traded down $8.16 during mid-day trading on Friday, reaching $84.82. The company's stock had a trading volume of 6,326,947 shares, compared to its average volume of 2,178,421. The company has a market cap of $20.85 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The business has a fifty day moving average of $102.35 and a 200 day moving average of $106.83. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a 1 year low of $83.15 and a 1 year high of $129.35.

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 the consensus estimate of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. As a group, analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.18%. Global Payments's dividend payout ratio is presently 16.18%.

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.