Vinva Investment Management Ltd Increases Holdings in Global Payments Inc. (NYSE:GPN)

Vinva Investment Management Ltd raised its position in Global Payments Inc. (NYSE:GPN - Free Report) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,940 shares of the business services provider's stock after purchasing an additional 3,725 shares during the quarter. Vinva Investment Management Ltd's holdings in Global Payments were worth $1,767,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments during the 3rd quarter worth approximately $25,000. Whipplewood Advisors LLC purchased a new stake in Global Payments in the fourth quarter worth $37,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Global Payments during the fourth quarter worth $38,000. Manchester Capital Management LLC boosted its stake in shares of Global Payments by 177.5% during 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 during the period. Finally, LRI Investments LLC grew its holdings 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 last quarter. Institutional investors own 89.76% of the company's stock.

Global Payments Stock Down 0.2 %

NYSE:GPN traded down $0.19 during mid-day trading on Tuesday, hitting $98.82. 2,107,877 shares of the company's stock traded hands, compared to its average volume of 2,079,843. The company has a fifty day moving average of $104.49 and a 200 day moving average of $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. Global Payments Inc. has a twelve month low of $90.99 and a twelve month high of $136.36. The company has a market capitalization of $24.30 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.86 and a beta of 1.04.

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Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) 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 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, analysts forecast 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 dividend of $0.25 per share. 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 currently 16.18%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GPN shares. StockNews.com upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Stephens downgraded shares of 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. Bank of America dropped their price objective on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Keefe, Bruyette & Woods lifted their target price on Global Payments from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Morgan Stanley dropped their price target on Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $134.33.

About Global Payments

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.