Royal London Asset Management Ltd. increased its position in Global Payments Inc. (NYSE:GPN - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,502 shares of the business services provider's stock after acquiring an additional 6,694 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Global Payments were worth $12,495,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments during the 3rd quarter valued at $25,000. Whipplewood Advisors LLC bought a new stake in Global Payments during the fourth quarter valued at about $37,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Global Payments in the fourth quarter valued at about $38,000. LRI Investments LLC boosted its stake in shares of Global Payments by 94.4% in the third quarter. LRI Investments LLC now owns 517 shares of the business services provider's stock worth $53,000 after acquiring an additional 251 shares during the period. Finally, Manchester Capital Management LLC grew its position in shares of Global Payments by 177.5% during the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 89.76% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on GPN shares. Citigroup dropped their price target on Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods lifted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Stephens downgraded Global Payments from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $125.00 to $120.00 in a research report on Friday, January 10th. StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Bank of America decreased their price target on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.33.
Read Our Latest Report on GPN
Global Payments Trading Down 0.2 %
Shares of Global Payments stock traded down $0.19 on Tuesday, hitting $98.82. 2,107,877 shares of the company traded hands, compared to its average volume of 2,072,407. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market cap of $24.30 billion, a PE ratio of 15.99, a PEG ratio of 0.86 and a beta of 1.04. The stock's 50 day moving average price is $104.31 and its 200-day moving average price is $107.55. Global Payments Inc. has a 52 week low of $90.99 and a 52 week high of $136.36.
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). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Equities research analysts predict that Global Payments Inc. will post 11.89 EPS for the current 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, March 14th. Global Payments's dividend payout ratio (DPR) is 16.18%.
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.
See Also
Before you consider Global Payments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Payments wasn't on the list.
While Global Payments currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
