Global Payments Inc. (NYSE:GPN) Holdings Trimmed by Investment House LLC

Investment House LLC decreased its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 39.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 73,046 shares of the business services provider's stock after selling 48,038 shares during the period. Investment House LLC's holdings in Global Payments were worth $8,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings in shares of Global Payments by 0.3% in the 3rd quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider's stock valued at $2,760,000 after buying an additional 86 shares during the period. Sage Capital Advisors llc raised its stake in Global Payments by 0.3% during the fourth 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 period. SYM FINANCIAL Corp lifted its holdings 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 acquiring an additional 97 shares during the last quarter. Private Trust Co. NA boosted 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 valued at $111,000 after acquiring an additional 100 shares during the period. Finally, Truvestments Capital LLC grew its holdings in shares of Global Payments by 2.9% during the fourth 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. 89.76% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Global Payments Price Performance

Shares of NYSE GPN traded down $0.35 during midday trading on Friday, reaching $97.03. The company's stock had a trading volume of 4,603,590 shares, compared to its average volume of 2,080,749. Global Payments Inc. has a one year low of $90.99 and a one year high of $136.36. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04. The company has a 50 day moving average price of $104.65 and a 200 day moving average price of $107.70. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. On average, equities research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, March 14th. Global Payments's dividend payout ratio is 16.18%.

Analyst Ratings Changes

A number of research firms recently issued reports on GPN. Citigroup reduced their price objective 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. Bank of America reduced their price target on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a report on Friday, February 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Morgan Stanley reduced 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. Finally, Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. One 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $134.33.

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.