Skandinaviska Enskilda Banken AB publ Raises Stock Holdings in Global Payments Inc. (NYSE:GPN)

Skandinaviska Enskilda Banken AB publ grew its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 148.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,700 shares of the business services provider's stock after purchasing an additional 29,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Global Payments were worth $5,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tidal Investments LLC lifted its position in Global Payments by 0.3% in the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider's stock valued at $2,760,000 after purchasing an additional 86 shares during the last quarter. Sage Capital Advisors llc boosted its stake in shares of Global Payments by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider's stock valued at $3,164,000 after purchasing an additional 96 shares in the last quarter. SYM FINANCIAL Corp raised its stake in Global Payments by 4.1% in the third quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider's stock worth $250,000 after buying an additional 97 shares in the last quarter. Private Trust Co. NA raised its stake in Global Payments by 11.2% in the fourth quarter. Private Trust Co. NA now owns 992 shares of the business services provider's stock worth $111,000 after buying an additional 100 shares in the last quarter. Finally, Truvestments Capital LLC lifted its holdings in Global Payments by 2.9% in the fourth quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider's stock worth $413,000 after buying an additional 103 shares during the period. Institutional investors own 89.76% of the company's stock.

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Global Payments Stock Performance

Shares of GPN stock traded up $2.23 on Wednesday, reaching $98.09. The stock had a trading volume of 2,744,526 shares, compared to its average volume of 2,075,638. 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 1 year low of $90.99 and a 1 year high of $136.36. The stock has a market cap of $24.12 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04. The company has a 50 day simple moving average of $105.37 and a 200 day simple moving average of $107.95.

Global Payments (NYSE:GPN - Get Free Report) last announced its earnings results 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). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. Equities research analysts expect 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 will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.02%. Global Payments's payout ratio is presently 16.18%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GPN shares. Barclays dropped their price target on Global Payments from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Bank of America dropped their target price on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Stephens lowered shares of Global Payments from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $125.00 to $120.00 in a research note on Friday, January 10th. Citigroup dropped their price objective on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their target price on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.33.

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.