Invesco Ltd. lifted its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,960,022 shares of the business services provider's stock after purchasing an additional 231,359 shares during the quarter. Invesco Ltd. owned 0.77% of Global Payments worth $219,640,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of GPN. Beaird Harris Wealth Management LLC purchased a new stake in shares of Global Payments during the 3rd quarter valued at $25,000. Whipplewood Advisors LLC bought a new position in Global Payments in the fourth quarter valued at $37,000. Quintet Private Bank Europe S.A. purchased a new stake in Global Payments during the fourth quarter valued at about $38,000. Manchester Capital Management LLC lifted its stake in Global Payments by 177.5% during the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after purchasing an additional 300 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings 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 worth $64,000 after purchasing an additional 449 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.
Global Payments Stock Up 0.5 %
GPN stock traded up $0.39 during trading on Tuesday, hitting $85.45. 1,521,910 shares of the stock traded hands, compared to its average volume of 2,239,667. 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 stock has a market cap of $21.01 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. Global Payments Inc. has a 1 year low of $77.83 and a 1 year high of $127.66. The firm's 50 day moving average is $98.06 and its two-hundred day moving average is $105.60.
Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. On average, sell-side analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.
Global Payments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, March 14th. Global Payments's payout ratio is currently 16.18%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. StockNews.com upgraded Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays reduced their target price on shares of Global Payments from $125.00 to $110.00 and set an "overweight" rating on the stock in a report on Tuesday. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Stephens cut Global Payments from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $125.00 to $120.00 in a report on Friday, January 10th. Finally, Citigroup decreased their price target on Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $129.81.
Read Our Latest Stock Report on Global Payments
About Global Payments
(
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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