Global Payments Inc. (NYSE:GPN) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,656,830 shares of the business services provider's stock after purchasing an additional 479,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Global Payments worth $185,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AIA Group Ltd purchased a new stake in shares of Global Payments in the fourth quarter valued at about $349,000. Oribel Capital Management LP increased its holdings in Global Payments by 495.1% in the fourth quarter. Oribel Capital Management LP now owns 521,300 shares of the business services provider's stock valued at $58,417,000 after buying an additional 433,700 shares in the last quarter. Caprock Group LLC increased its holdings in Global Payments by 9.8% in the fourth quarter. Caprock Group LLC now owns 2,313 shares of the business services provider's stock valued at $259,000 after buying an additional 206 shares in the last quarter. Van ECK Associates Corp increased its holdings in Global Payments by 106.1% in the fourth quarter. Van ECK Associates Corp now owns 50,705 shares of the business services provider's stock valued at $5,682,000 after buying an additional 26,104 shares in the last quarter. Finally, Focused Investors LLC purchased a new position in Global Payments in the fourth quarter valued at about $99,969,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Stock Down 0.0%

NYSE GPN opened at $75.71 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. The company's 50 day simple moving average is $84.06 and its 200 day simple moving average is $101.04. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $120.00. The company has a market capitalization of $18.46 billion, a P/E ratio of 12.25, a PEG ratio of 0.86 and a beta of 0.96.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $0.09. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the business earned $2.59 earnings per share. The firm's revenue was down .3% compared to the same quarter last year. Equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Global Payments's dividend payout ratio is currently 16.13%.

Analysts Set New Price Targets

Several research firms have recently commented on GPN. Wolfe Research reiterated a "peer perform" rating on shares of Global Payments in a research report on Wednesday, April 23rd. Williams Trading set a $75.00 target price on shares of Global Payments in a research report on Friday, April 18th. KeyCorp lifted their price target on shares of Global Payments from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on shares of Global Payments from $115.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Citigroup reissued a "buy" rating on shares of Global Payments in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $112.43.

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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