Gotham Asset Management LLC Has $1.01 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Gotham Asset Management LLC trimmed its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 46.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,020 shares of the business services provider's stock after selling 7,865 shares during the period. Gotham Asset Management LLC's holdings in Global Payments were worth $1,011,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GPN. Optiver Holding B.V. bought a new position in Global Payments during the fourth quarter valued at about $28,000. Whipplewood Advisors LLC bought a new position in Global Payments during the fourth quarter valued at about $37,000. Quintet Private Bank Europe S.A. bought a new position in Global Payments during the fourth quarter valued at about $38,000. Manchester Capital Management LLC raised its holdings in Global Payments by 177.5% during the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock valued at $53,000 after buying an additional 300 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Global Payments by 374.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider's stock valued at $64,000 after buying an additional 449 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN traded down $4.03 on Wednesday, hitting $75.70. The company's stock had a trading volume of 4,451,893 shares, compared to its average volume of 2,473,101. The company has a market capitalization of $18.46 billion, a PE ratio of 12.25, a PEG ratio of 0.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The company has a 50 day moving average price of $84.83 and a 200 day moving average price of $101.42.

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

Global Payments Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GPN shares. TD Cowen lowered Global Payments from a "buy" rating to a "hold" rating and set a $78.00 price objective on the stock. in a research note on Monday, April 21st. Cowen lowered Global Payments from a "buy" rating to a "hold" rating in a research note on Monday, April 21st. Williams Trading set a $75.00 price objective on Global Payments in a research note on Friday, April 18th. Evercore ISI started coverage on Global Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price objective on the stock. Finally, Jefferies Financial Group lowered Global Payments from a "buy" rating to a "hold" rating and set a $75.00 price objective on the stock. in a research note on Friday, April 18th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.