Sirios Capital Management L P Has $19.39 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Sirios Capital Management L P increased its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,058 shares of the business services provider's stock after purchasing an additional 38,216 shares during the quarter. Global Payments accounts for approximately 3.5% of Sirios Capital Management L P's investment portfolio, making the stock its 9th largest position. Sirios Capital Management L P owned 0.07% of Global Payments worth $19,393,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Global Payments in the 4th quarter valued at $37,000. Quintet Private Bank Europe S.A. bought a new position in shares of Global Payments in the 4th quarter valued at $38,000. Manchester Capital Management LLC raised its holdings in shares of 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 buying an additional 300 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Global Payments by 374.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider's stock worth $64,000 after buying an additional 449 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments Trading Up 0.7 %

GPN stock traded up $0.49 during mid-day trading on Friday, reaching $72.55. The company's stock had a trading volume of 3,424,442 shares, compared to its average volume of 2,415,602. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $126.42. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The business's 50 day moving average price is $91.97 and its 200 day moving average price is $103.94. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. On average, equities research analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, March 14th. Global Payments's dividend payout ratio is currently 16.18%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays decreased their target price on Global Payments from $125.00 to $110.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. KeyCorp decreased their price target on shares of Global Payments from $145.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday. Citigroup reissued a "buy" rating on shares of Global Payments in a research note on Monday, April 21st. Evercore ISI started coverage on shares of Global Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $85.00 price target for the company. Finally, Williams Trading set a $75.00 price objective on Global Payments in a report on Friday, April 18th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $112.86.

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.