Commonwealth Equity Services LLC Has $4.25 Million Holdings in Global Payments Inc. (NYSE:GPN)

Commonwealth Equity Services LLC boosted its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 255.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,909 shares of the business services provider's stock after purchasing an additional 27,252 shares during the quarter. Commonwealth Equity Services LLC's holdings in Global Payments were worth $4,248,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments in the third quarter valued at approximately $25,000. Whipplewood Advisors LLC bought a new stake in shares of Global Payments during the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Global Payments during the 4th quarter worth $38,000. LRI Investments LLC increased 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 worth $53,000 after purchasing an additional 251 shares during the period. Finally, Manchester Capital Management LLC raised its stake in Global Payments by 177.5% in the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 89.76% of the company's stock.

Global Payments Trading Down 0.1 %

Shares of GPN stock traded down $0.14 on Tuesday, hitting $98.88. The company had a trading volume of 679,159 shares, compared to its average volume of 2,040,541. The stock's 50-day moving average is $104.49 and its two-hundred day moving average is $107.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market cap of $24.31 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.86 and a beta of 1.04. Global Payments Inc. has a twelve month low of $90.99 and a twelve month high of $136.36.

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Global Payments (NYSE:GPN - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. On average, equities research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Global Payments's dividend payout ratio (DPR) is currently 16.18%.

Wall Street Analyst Weigh In

GPN has been the topic of several recent analyst reports. Bank of America decreased their target price on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Citigroup lowered their price objective on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods upped their target price on Global Payments from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Stephens lowered Global Payments from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $125.00 to $120.00 in a research note on Friday, January 10th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. According to 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.