Nisa Investment Advisors LLC Has $7.97 Million Stock Position in Global Payments Inc. (NYSE:GPN)

Nisa Investment Advisors LLC decreased its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,407 shares of the business services provider's stock after selling 8,627 shares during the period. Nisa Investment Advisors LLC's holdings in Global Payments were worth $7,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Global Payments in the 4th quarter valued at approximately $725,000. Assetmark Inc. lifted its stake in Global Payments by 3,308.8% in the 4th quarter. Assetmark Inc. now owns 3,852 shares of the business services provider's stock valued at $432,000 after purchasing an additional 3,739 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Global Payments in the 4th quarter valued at approximately $5,942,000. AlphaQuest LLC lifted its stake in Global Payments by 24.1% in the 4th quarter. AlphaQuest LLC now owns 1,496 shares of the business services provider's stock valued at $168,000 after purchasing an additional 291 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Global Payments by 8.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 36,945 shares of the business services provider's stock valued at $4,140,000 after purchasing an additional 2,844 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GPN. Williams Trading set a $75.00 price objective on shares of Global Payments in a research note on Friday, April 18th. Wall Street Zen raised shares of Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Evercore ISI initiated coverage on shares of Global Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price objective for the company. Wells Fargo & Company dropped their price target on shares of Global Payments from $105.00 to $77.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Global Payments from $115.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $111.09.

Global Payments Stock Down 2.9%

NYSE:GPN traded down $2.35 during trading hours on Friday, reaching $78.88. The company had a trading volume of 2,334,705 shares, compared to its average volume of 2,506,638. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.66. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.78 and a beta of 0.94. The business's 50-day simple moving average is $78.53 and its two-hundred day simple moving average is $91.98. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00.

Global Payments (NYSE:GPN - Get Free Report) last posted 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. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. Global Payments had a net margin of 15.48% and a return on equity of 12.33%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $2.59 earnings per share. On average, equities analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, June 13th. Global Payments's dividend payout ratio is currently 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.