C Partners Holding GmbH Decreases Stock Position in Global Payments Inc. (NYSE:GPN)

C Partners Holding GmbH lowered its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 376,135 shares of the business services provider's stock after selling 10,563 shares during the quarter. Global Payments makes up 10.5% of C Partners Holding GmbH's investment portfolio, making the stock its 5th largest position. C Partners Holding GmbH owned about 0.15% of Global Payments worth $42,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Peapack Gladstone Financial Corp purchased a new position in Global Payments during the third quarter valued at approximately $253,000. Franklin Resources Inc. boosted its holdings in Global Payments by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider's stock valued at $564,437,000 after purchasing an additional 83,481 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Global Payments by 10.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,569 shares of the business services provider's stock valued at $873,000 after purchasing an additional 819 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Global Payments by 2.8% in the third quarter. Principal Financial Group Inc. now owns 299,137 shares of the business services provider's stock worth $30,638,000 after purchasing an additional 8,078 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Global Payments by 18.8% in the fourth quarter. GAMMA Investing LLC now owns 2,118 shares of the business services provider's stock worth $237,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley reduced their target price on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Cowen cut shares of Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. TD Cowen lowered shares of Global Payments from a "buy" rating to a "hold" rating and set a $78.00 target price for the company. in a research report on Monday, April 21st. StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Stephens downgraded shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $125.00 to $120.00 in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Global Payments has an average rating of "Hold" and an average target price of $112.86.

Global Payments Stock Up 2.9 %

Shares of NYSE:GPN opened at $78.80 on Monday. The firm has a market capitalization of $19.38 billion, a P/E ratio of 12.75, a P/E/G ratio of 0.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a 50 day moving average price of $89.18 and a 200-day moving average price of $103.11. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $120.00.

Global Payments (NYSE:GPN - Get Free Report) last released its earnings results 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 business had revenue of $2.29 billion for 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 research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments's dividend payout ratio is currently 16.18%.

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.

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