Thematics Asset Management reduced its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,000 shares of the business services provider's stock after selling 18,000 shares during the period. Thematics Asset Management owned about 0.05% of Global Payments worth $15,128,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of GPN. Beaird Harris Wealth Management LLC bought a new position in shares of Global Payments during the third quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in Global Payments in the 4th quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. bought a new stake in Global Payments during the 4th quarter valued at $38,000. Manchester Capital Management LLC boosted 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 acquiring an additional 300 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in 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 acquiring an additional 449 shares during the period. Institutional investors own 89.76% of the company's stock.
Global Payments Price Performance
Shares of GPN traded up $0.47 during trading hours on Wednesday, hitting $71.86. The stock had a trading volume of 4,298,394 shares, compared to its average volume of 2,387,569. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.86 and a beta of 0.97. 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 company's fifty day moving average is $94.01 and its two-hundred day moving average is $104.52. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $127.66.
Global Payments (NYSE:GPN - Get Free Report) last posted 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 return on equity of 12.21% and a net margin of 15.54%. On average, analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.
Global Payments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments's payout ratio is presently 16.18%.
Analysts Set New Price Targets
Several research firms recently weighed in on GPN. Stephens downgraded shares of Global Payments from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $125.00 to $120.00 in a report on Friday, January 10th. Williams Trading set a $75.00 price objective on shares of Global Payments in a report on Friday, April 18th. Jefferies Financial Group lowered shares of Global Payments from a "buy" rating to a "hold" rating and set a $75.00 price objective on the stock. in a research note on Friday, April 18th. KeyCorp decreased their price target on Global Payments from $145.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Global Payments in a research note on Wednesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of "Hold" and a consensus price target of $114.86.
View Our Latest Analysis on GPN
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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