Global Payments Inc. (NYSE:GPN) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA reduced its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,788 shares of the business services provider's stock after selling 5,840 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Global Payments were worth $5,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Tidal Investments LLC grew its position in shares of Global Payments by 0.3% in the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider's stock valued at $2,760,000 after purchasing an additional 86 shares during the last quarter. Sage Capital Advisors llc grew its position in shares of Global Payments by 0.3% in the fourth quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider's stock valued at $3,164,000 after purchasing an additional 96 shares during the last quarter. SYM FINANCIAL Corp grew its position in shares of Global Payments by 4.1% in the third quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider's stock valued at $250,000 after purchasing an additional 97 shares during the last quarter. Greenleaf Trust grew its position in shares of Global Payments by 5.9% in the fourth quarter. Greenleaf Trust now owns 2,068 shares of the business services provider's stock valued at $232,000 after purchasing an additional 115 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in shares of Global Payments by 27.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider's stock valued at $56,000 after purchasing an additional 116 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GPN has been the topic of several research reports. Barclays lowered 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. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Bank of America reduced their price objective on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on shares of Global Payments from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. One equities 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, Global Payments presently has an average rating of "Moderate Buy" and a consensus price target of $134.33.

Global Payments Trading Up 1.3 %

Shares of Global Payments stock traded up $1.37 during trading hours on Tuesday, hitting $107.00. The company's stock had a trading volume of 2,708,297 shares, compared to its average volume of 1,729,932. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $140.38. The business has a fifty day moving average of $110.75 and a 200 day moving average of $108.70. The company has a market capitalization of $27.23 billion, a PE ratio of 20.15, a P/E/G ratio of 0.80 and a beta of 1.01. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly 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 13.61% and a return on equity of 11.94%. As a group, equities analysts forecast that Global Payments Inc. will post 11 EPS for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments's payout ratio is 18.83%.

Insider Activity at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.98% of the company's stock.

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.