CenterBook Partners LP cut its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,334 shares of the business services provider's stock after selling 8,419 shares during the quarter. CenterBook Partners LP's holdings in Global Payments were worth $1,942,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Tidal Investments LLC increased its stake in Global Payments by 0.3% during the 3rd 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 in the last quarter. Sage Capital Advisors llc raised its holdings in shares of Global Payments by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider's stock worth $3,164,000 after acquiring an additional 96 shares during the last quarter. Private Trust Co. NA lifted its position in Global Payments by 11.2% in the 4th quarter. Private Trust Co. NA now owns 992 shares of the business services provider's stock valued at $111,000 after acquiring an additional 100 shares in the last quarter. Truvestments Capital LLC boosted its stake in Global Payments by 2.9% during the 4th quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider's stock valued at $413,000 after purchasing an additional 103 shares during the last quarter. Finally, Greenleaf Trust raised its stake in shares of Global Payments by 5.9% in the fourth quarter. Greenleaf Trust now owns 2,068 shares of the business services provider's stock worth $232,000 after purchasing an additional 115 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.
Global Payments Price Performance
Shares of Global Payments stock traded up $0.39 during trading on Tuesday, hitting $85.45. 1,521,896 shares of the stock traded hands, compared to its average volume of 2,299,103. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.86 and a beta of 0.97. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a 52 week low of $77.83 and a 52 week high of $127.66. The firm's fifty day moving average is $98.06 and its 200-day moving average is $105.60.
Global Payments (NYSE:GPN - Get Free Report) last issued 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). The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. Research analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.
Global Payments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, March 14th. Global Payments's payout ratio is presently 16.18%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on GPN shares. Barclays decreased their target price on Global Payments from $125.00 to $110.00 and set an "overweight" rating for the company in a research report on Tuesday. StockNews.com upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Citigroup decreased their price target on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Finally, Evercore ISI initiated coverage on Global Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.81.
Check Out Our Latest Stock Report on GPN
Global Payments Company Profile
(
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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