Global Payments Inc. (NYSE:GPN) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,500 shares of the business services provider’s stock after purchasing an additional 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Global Payments were worth $11,374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPN. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in Global Payments in the 3rd quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in Global Payments in the 4th quarter valued at $37,000. LRI Investments LLC grew its stake in Global Payments by 94.4% in the 3rd quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 251 shares during the period. Finally, Manchester Capital Management LLC grew its stake in Global Payments by 177.5% in the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GPN. Keefe, Bruyette & Woods lifted their price target on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Stephens cut shares of Global Payments from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $125.00 to $120.00 in a research note on Friday, January 10th. Barclays dropped their price target on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Bank of America decreased their price objective on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.33.

Global Payments Stock Up 2.2 %

NYSE GPN opened at $105.51 on Friday. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $140.38. 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 business’s fifty day simple moving average is $109.05 and its 200-day simple moving average is $108.95. The firm has a market cap of $26.13 billion, a PE ratio of 17.07, a P/E/G ratio of 0.86 and a beta of 1.01.

Global Payments (NYSE:GPN) last issued its quarterly earnings data 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). The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.95%. Global Payments’s dividend payout ratio (DPR) is currently 16.18%.

Insider Activity at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of Global Payments stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by insiders.

Global Payments Company 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.