Fuller & Thaler Asset Management Inc. Acquires 12,440 Shares of Global Payments Inc. (NYSE:GPN)

Fuller & Thaler Asset Management Inc. raised its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,271 shares of the business services provider's stock after buying an additional 12,440 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.10% of Global Payments worth $29,614,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC purchased a new stake in shares of Global Payments in the 3rd quarter valued at $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Global Payments in the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Global Payments in the 4th quarter valued at $38,000. Manchester Capital Management LLC boosted its stake in shares of Global Payments by 177.5% in the 4th 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. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Global Payments by 374.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider's stock valued at $64,000 after purchasing an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Analysts Set New Price Targets

GPN has been the subject of several analyst reports. Cowen cut shares of Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. KeyCorp dropped their target price on shares of Global Payments from $145.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of Global Payments from $105.00 to $77.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Finally, Williams Trading set a $75.00 target price on shares of Global Payments in a research report on Friday, April 18th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Global Payments currently has a consensus rating of "Hold" and a consensus target price of $112.86.

Global Payments Stock Performance

Shares of NYSE:GPN traded up $1.87 during midday trading on Monday, hitting $74.35. The company had a trading volume of 5,080,290 shares, compared to its average volume of 2,429,548. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $126.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market cap of $18.28 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.86 and a beta of 0.97. The company has a fifty day moving average of $91.97 and a two-hundred day moving average of $104.00.

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

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Global Payments's payout ratio is 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.