Prudential Financial Inc. decreased its position in Global Payments Inc. (NYSE:GPN - Free Report) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,972 shares of the business services provider's stock after selling 80,232 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Global Payments worth $15,797,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Congress Wealth Management LLC DE increased its position in Global Payments by 24.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,890 shares of the business services provider's stock worth $324,000 after buying an additional 560 shares during the period. Mill Capital Management LLC bought a new position in Global Payments during the fourth quarter worth about $205,000. Vanguard Group Inc. raised its stake in Global Payments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider's stock worth $2,800,952,000 after purchasing an additional 179,195 shares in the last quarter. LPL Financial LLC boosted its holdings in Global Payments by 34.6% in the 4th quarter. LPL Financial LLC now owns 126,430 shares of the business services provider's stock valued at $14,168,000 after purchasing an additional 32,498 shares during the period. Finally, Focused Investors LLC acquired a new position in shares of Global Payments during the 4th quarter worth approximately $99,969,000. Institutional investors own 89.76% of the company's stock.
Global Payments Trading Up 0.1 %
GPN traded up $0.05 during trading on Monday, reaching $97.57. 824,763 shares of the stock traded hands, compared to its average volume of 2,143,198. The stock's 50-day moving average is $103.72 and its 200 day moving average is $107.32. Global Payments Inc. has a 12 month low of $90.99 and a 12 month high of $133.63. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $23.99 billion, a PE ratio of 15.79, a P/E/G ratio of 0.86 and a beta of 1.04.
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 for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). The business 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%. Equities analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.
Global Payments Dividend Announcement
The business also recently announced 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 1.02%. The ex-dividend date was Friday, March 14th. Global Payments's dividend payout ratio is presently 16.18%.
Wall Street Analyst Weigh In
GPN has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 price target (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Barclays reduced their target price on Global Payments from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Bank of America dropped their price target on Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods reduced their price objective on shares of Global Payments from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Citigroup dropped their target price on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $134.10.
Read Our Latest Stock Report on Global Payments
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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