[ad_1]
Mariner LLC trimmed its position in Global Payments Inc. (NYSE:GPN – Free Report) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,629 shares of the business services provider’s stock after selling 1,127 shares during the period. Mariner LLC’s holdings in Global Payments were worth $4,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Global Payments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider’s stock valued at $2,800,952,000 after acquiring an additional 179,195 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Global Payments by 25.0% in the 4th quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock valued at $929,969,000 after purchasing an additional 1,659,984 shares in the last quarter. Geode Capital Management LLC increased its position in Global Payments by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider’s stock worth $696,362,000 after purchasing an additional 301,877 shares during the period. Franklin Resources Inc. raised its stake in shares of Global Payments by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock worth $564,437,000 after buying an additional 83,481 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Global Payments in the 4th quarter valued at approximately $345,823,000. 89.76% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently weighed in on GPN. Citigroup dropped their price objective on Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a report on Friday, February 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Stephens lowered Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $125.00 to $120.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and an average target price of $124.73.
Global Payments Trading Down 17.4 %
NYSE GPN opened at $69.50 on Monday. The company has a 50-day moving average of $95.50 and a 200-day moving average of $104.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a 12 month low of $68.48 and a 12 month high of $127.66. The company has a market cap of $17.09 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.86 and a beta of 0.97.
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 for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. As a group, equities analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current year.
Global Payments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is presently 16.18%.
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.
See Also
Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPN – Free Report).
Receive News & Ratings for Global Payments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Global Payments and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link