Franklin Resources Inc. trimmed its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,050,499 shares of the business services provider's stock after selling 449,230 shares during the period. Franklin Resources Inc. owned 1.98% of Global Payments worth $565,959,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also 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 Global Payments during the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. bought a new position in shares of Global Payments in the fourth quarter worth $38,000. Manchester Capital Management LLC boosted its holdings in shares of Global Payments by 177.5% in the fourth 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. Finally, LRI Investments LLC grew 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 purchasing an additional 251 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GPN has been the topic of a number of recent research reports. StockNews.com raised Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Bank of America lowered their price target 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. Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $125.00 to $120.00 in a research note on Friday, January 10th. The Goldman Sachs Group restated a "neutral" rating and set a $122.00 price target (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Finally, Barclays reduced their target price on Global Payments from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.10.
Get Our Latest Report on GPN
Global Payments Trading Down 8.8 %
Shares of NYSE:GPN traded down $8.16 on Friday, reaching $84.82. 6,326,947 shares of the company traded hands, compared to its average volume of 2,180,256. The stock has a market capitalization of $20.85 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The business's 50-day simple moving average is $102.35 and its 200 day simple moving average is $106.79. 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 52 week low of $84.50 and a 52 week high of $129.35.
Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($0.14). The company had revenue of $2.29 billion for 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%. As a group, equities analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.
Global Payments Dividend Announcement
The company 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 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, March 14th. Global Payments's payout ratio is 16.18%.
Global Payments Profile
(
Free Report)
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.
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