Capitolis Liquid Global Markets LLC Buys 10,000 Shares of Global Payments Inc. (NYSE:GPN)

Capitolis Liquid Global Markets LLC grew its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 576,000 shares of the business services provider's stock after buying an additional 10,000 shares during the period. Capitolis Liquid Global Markets LLC owned approximately 0.23% of Global Payments worth $64,547,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Optiver Holding B.V. bought a new stake in shares of Global Payments in the 4th quarter worth about $28,000. Whipplewood Advisors LLC bought a new position in shares of Global Payments in the fourth quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Global Payments in the 4th quarter worth approximately $38,000. Manchester Capital Management LLC grew its position in Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after acquiring an additional 300 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Global Payments by 374.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider's stock worth $64,000 after purchasing an additional 449 shares in the last quarter. Institutional investors own 89.76% of the company's stock.

Global Payments Price Performance

Shares of NYSE:GPN opened at $79.20 on Tuesday. The company's fifty day moving average is $88.73 and its 200 day moving average is $102.95. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $120.00. 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 cap of $19.47 billion, a PE ratio of 12.81, a PEG ratio of 0.86 and a beta of 0.96.

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 (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.14). The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. Research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. Global Payments's dividend payout ratio (DPR) is presently 16.18%.

Wall Street Analyst Weigh In

GPN has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered shares of Global Payments from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $135.00 to $78.00 in a report on Thursday, April 17th. Evercore ISI began coverage on Global Payments in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price objective for the company. Robert W. Baird lowered their price target on shares of Global Payments from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company reduced their price target on Global Payments from $105.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Finally, Bank of America cut 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 report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Global Payments has an average rating of "Hold" and a consensus target price of $112.86.

About Global Payments

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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