Global Payments Inc. (NYSE:GPN) Shares Sold by GTS Securities LLC

GTS Securities LLC trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 89.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,639 shares of the business services provider's stock after selling 31,250 shares during the quarter. GTS Securities LLC's holdings in Global Payments were worth $408,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. AIA Group Ltd purchased a new position in shares of Global Payments during the 4th quarter worth about $349,000. Oribel Capital Management LP increased its position in shares of Global Payments by 495.1% during the fourth quarter. Oribel Capital Management LP now owns 521,300 shares of the business services provider's stock worth $58,417,000 after acquiring an additional 433,700 shares during the period. Caprock Group LLC boosted its holdings in shares of 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 purchasing an additional 206 shares during the period. Van ECK Associates Corp increased its holdings in Global Payments by 106.1% during the 4th quarter. Van ECK Associates Corp now owns 50,705 shares of the business services provider's stock worth $5,682,000 after purchasing an additional 26,104 shares during the period. Finally, Focused Investors LLC purchased a new stake in shares of Global Payments in the 4th quarter worth $99,969,000. Institutional investors own 89.76% of the company's stock.

Global Payments Stock Performance

NYSE:GPN traded down $0.36 during midday trading on Friday, hitting $75.49. The company's stock had a trading volume of 4,674,141 shares, compared to its average volume of 2,476,381. 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 firm's 50 day moving average is $81.33 and its 200-day moving average is $99.24. The firm has a market cap of $18.41 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.86 and a beta of 0.96.

Global Payments (NYSE:GPN - Get Free Report) last posted its 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. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm's quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.59 earnings per share. Equities analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 (DPR) is 16.13%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GPN shares. Evercore ISI assumed coverage on shares of Global Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $85.00 target price on the stock. Royal Bank of Canada lowered Global Payments from an "outperform" rating to a "sector perform" rating and set a $86.00 target price for the company. in a report on Friday, April 25th. KeyCorp lifted their price target on Global Payments from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Wall Street Zen raised Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley lowered their price target on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $112.43.

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.