National Bank of Canada FI Has $22.89 Million Stock Position in Global Payments Inc. (NYSE:GPN)

National Bank of Canada FI raised its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 56.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,216 shares of the business services provider's stock after acquiring an additional 73,300 shares during the quarter. National Bank of Canada FI owned 0.08% of Global Payments worth $22,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in GPN. Beaird Harris Wealth Management LLC acquired a new stake in Global Payments during the 3rd quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Global Payments during the fourth quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Global Payments in the 4th quarter valued at approximately $38,000. LRI Investments LLC boosted its stake in Global Payments by 94.4% in the 3rd 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 period. Finally, Manchester Capital Management LLC grew its position in Global Payments by 177.5% during the 4th 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 in the last quarter. Institutional investors own 89.76% of the company's stock.

Global Payments Stock Performance

Shares of NYSE:GPN traded up $0.36 during midday trading on Wednesday, hitting $79.83. The company's stock had a trading volume of 863,032 shares, compared to its average volume of 2,204,735. Global Payments Inc. has a fifty-two week low of $77.07 and a fifty-two week high of $129.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.86 and a beta of 0.97. The stock's 50 day simple moving average is $100.54 and its 200 day simple moving average is $106.14.

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

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments's dividend payout ratio (DPR) is presently 16.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPN. Citigroup decreased their target price on Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group restated a "neutral" rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Bank of America dropped their target price on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Barclays decreased their price target on shares of Global Payments from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Stephens lowered shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $125.00 to $120.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $130.52.

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.