Mizuho Securities USA LLC Acquires 7,621 Shares of Global Payments Inc. (NYSE:GPN)

Mizuho Securities USA LLC lifted its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,120 shares of the business services provider's stock after acquiring an additional 7,621 shares during the period. Mizuho Securities USA LLC's holdings in Global Payments were worth $2,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPN. Tidal Investments LLC raised its stake 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 purchasing an additional 86 shares during the period. Sage Capital Advisors llc grew its holdings in shares of 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 buying an additional 96 shares in the last quarter. SYM FINANCIAL Corp raised its position in Global Payments by 4.1% in the 3rd quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider's stock valued at $250,000 after buying an additional 97 shares during the last quarter. Private Trust Co. NA lifted its stake 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. Finally, Truvestments Capital LLC boosted its position 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 worth $413,000 after acquiring an additional 103 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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Global Payments Price Performance

Shares of GPN traded down $0.45 during trading hours on Thursday, hitting $99.47. 1,984,147 shares of the company were exchanged, compared to its average volume of 2,055,398. 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 fifty-two week low of $90.99 and a fifty-two week high of $133.89. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 0.86 and a beta of 1.04. The firm's fifty day moving average is $103.93 and its 200 day moving average is $107.44.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. On average, equities analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. Global Payments's dividend payout ratio is presently 16.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GPN. Keefe, Bruyette & Woods boosted their price objective on shares of Global Payments from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 price target (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Morgan Stanley decreased their price objective on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Bank of America dropped their target price on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Stephens downgraded Global Payments from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $125.00 to $120.00 in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.