Blueshift Asset Management LLC Has $358,000 Stock Holdings in Global Payments Inc. (NYSE:GPN)

Blueshift Asset Management LLC lessened its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 70.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,193 shares of the business services provider's stock after selling 7,594 shares during the period. Blueshift Asset Management LLC's holdings in Global Payments were worth $358,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC increased its holdings in shares of Global Payments by 25.0% in the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider's stock valued at $929,969,000 after buying an additional 1,659,984 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Global Payments by 0.5% during the third quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider's stock worth $605,078,000 after purchasing an additional 31,934 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Global Payments by 1.5% during the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider's stock valued at $564,437,000 after purchasing an additional 83,481 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Global Payments by 13.4% in the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider's stock valued at $330,516,000 after purchasing an additional 349,457 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Global Payments by 22.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider's stock worth $271,090,000 after purchasing an additional 490,411 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.

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Wall Street Analysts Forecast Growth

GPN has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Stephens lowered Global Payments from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $125.00 to $120.00 in a report on Friday, January 10th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Citigroup reduced their price objective on Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Barclays lowered their target price on Global Payments from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Global Payments currently has an average rating of "Moderate Buy" and a consensus price target of $134.33.

Global Payments Stock Performance

GPN traded down $0.19 during trading on Tuesday, hitting $98.82. The stock had a trading volume of 2,107,877 shares, compared to its average volume of 2,071,713. The firm has a market cap of $24.30 billion, a PE ratio of 15.99, a P/E/G ratio of 0.86 and a beta of 1.04. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a 12 month low of $90.99 and a 12 month high of $136.36. The company has a 50 day simple moving average of $104.31 and a 200-day simple moving average of $107.55.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $2.31 billion. Analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Global Payments's payout ratio is 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.