Aurdan Capital Management LLC Sells 10,522 Shares of Global Payments Inc. (NYSE:GPN)

Aurdan Capital Management LLC lowered its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 38.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,692 shares of the business services provider's stock after selling 10,522 shares during the quarter. Aurdan Capital Management LLC's holdings in Global Payments were worth $1,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI increased its position in shares of Global Payments by 1.9% in the first quarter. Arcadia Investment Management Corp MI now owns 14,760 shares of the business services provider's stock worth $1,445,000 after purchasing an additional 280 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of Global Payments by 5.4% in the first quarter. Linden Thomas Advisory Services LLC now owns 13,055 shares of the business services provider's stock worth $1,278,000 after purchasing an additional 669 shares during the period. Sierra Capital LLC increased its position in shares of Global Payments by 8.2% in the first quarter. Sierra Capital LLC now owns 2,780 shares of the business services provider's stock worth $272,000 after purchasing an additional 211 shares during the period. Penserra Capital Management LLC increased its position in shares of Global Payments by 5.9% in the first quarter. Penserra Capital Management LLC now owns 134,234 shares of the business services provider's stock worth $13,142,000 after purchasing an additional 7,437 shares during the period. Finally, Tradewinds LLC. bought a new position in Global Payments in the first quarter valued at about $685,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GPN. Wolfe Research reiterated a "peer perform" rating on shares of Global Payments in a research report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating on shares of Global Payments in a research report on Monday, April 21st. Royal Bank Of Canada cut Global Payments from an "outperform" rating to a "sector perform" rating and set a $86.00 target price on the stock. in a research report on Friday, April 25th. Cowen cut Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Finally, 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 target price on the stock. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $111.09.

Global Payments Stock Down 2.9%

Shares of NYSE GPN traded down $2.35 during midday trading on Friday, hitting $78.88. 2,334,705 shares of the stock traded hands, compared to its average volume of 2,506,638. The company has a market cap of $19.24 billion, a PE ratio of 12.72, a P/E/G ratio of 0.78 and a beta of 0.94. Global Payments Inc. has a one year low of $65.93 and a one year high of $120.00. The business has a 50 day moving average price of $78.53 and a two-hundred day moving average price of $91.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 0.94.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.73 by $0.09. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Global Payments had a return on equity of 12.33% and a net margin of 15.48%. The company's quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.59 earnings per share. On average, equities analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. Global Payments's dividend payout ratio is 16.13%.

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.