27,214 Shares in Global Payments Inc. (NYSE:GPN) Acquired by Aurdan Capital Management LLC

Aurdan Capital Management LLC acquired a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,214 shares of the business services provider's stock, valued at approximately $3,050,000.

A number of other large investors have also recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in Global Payments during the fourth quarter valued at $277,000. Janney Montgomery Scott LLC raised its holdings in shares of Global Payments by 22.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 31,545 shares of the business services provider's stock worth $3,535,000 after buying an additional 5,715 shares during the period. Brighton Jones LLC bought a new position in Global Payments in the fourth quarter worth approximately $725,000. RFG Advisory LLC boosted its position in Global Payments by 20.1% during the 4th quarter. RFG Advisory LLC now owns 5,404 shares of the business services provider's stock valued at $606,000 after acquiring an additional 904 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in Global Payments by 12.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,386 shares of the business services provider's stock valued at $1,388,000 after acquiring an additional 1,343 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GPN. Citigroup restated a "buy" rating on shares of Global Payments in a research note on Monday, April 21st. Wolfe Research reissued a "peer perform" rating on shares of Global Payments in a report on Wednesday, April 23rd. Jefferies Financial Group downgraded shares of Global Payments from a "buy" rating to a "hold" rating and set a $75.00 price objective for the company. in a research report on Friday, April 18th. Robert W. Baird reduced 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. Finally, TD Cowen downgraded Global Payments from a "buy" rating to a "hold" rating and set a $78.00 price objective for the company. in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Global Payments has an average rating of "Hold" and an average target price of $112.43.

Global Payments Price Performance

NYSE GPN traded down $0.83 during trading hours on Friday, hitting $75.02. The company had a trading volume of 1,281,500 shares, compared to its average volume of 2,474,847. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of 12.11, a PEG 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 firm has a 50 day simple moving average of $81.80 and a 200 day simple moving average of $99.76. 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 announced its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.73 by $0.09. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the previous year, the firm earned $2.59 EPS. The business's quarterly revenue was down .3% on a year-over-year basis. Equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's dividend payout ratio (DPR) is presently 16.13%.

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.