IFM Investors Pty Ltd Raises Holdings in Global Payments Inc. (NYSE:GPN)

IFM Investors Pty Ltd lifted its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 8.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 51,166 shares of the business services provider's stock after acquiring an additional 4,089 shares during the period. IFM Investors Pty Ltd's holdings in Global Payments were worth $5,240,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Truvestments Capital LLC grew its stake in shares of Global Payments by 2.9% during the fourth quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider's stock worth $413,000 after acquiring an additional 103 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Global Payments by 1.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,963 shares of the business services provider's stock valued at $1,228,000 after buying an additional 117 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Global Payments by 0.4% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,902 shares of the business services provider's stock valued at $3,795,000 after buying an additional 122 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Global Payments by 3.8% in the first quarter. Perigon Wealth Management LLC now owns 3,932 shares of the business services provider's stock valued at $385,000 after buying an additional 144 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its position in Global Payments by 7.9% in the first quarter. Transcend Capital Advisors LLC now owns 2,135 shares of the business services provider's stock valued at $209,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Global Payments Stock Down 0.2%

NYSE GPN opened at $81.79 on Monday. The business has a fifty day moving average price of $78.16 and a 200 day moving average price of $92.58. Global Payments Inc. has a one year low of $65.93 and a one year high of $120.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $19.95 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.78 and a beta of 0.94.

Global Payments (NYSE:GPN - Get Free Report) last posted 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. Global Payments had a return on equity of 12.33% and a net margin of 15.48%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the company earned $2.59 EPS. The firm's revenue was down .3% compared to the same quarter last year. Research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, June 13th. Global Payments's dividend payout ratio is currently 16.13%.

Analysts Set New Price Targets

A number of brokerages recently commented on GPN. Williams Trading set a $75.00 target price on Global Payments in a research report on Friday, April 18th. JPMorgan Chase & Co. dropped their target price on Global Payments from $115.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. KeyCorp upped their target price on Global Payments from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. TD Cowen lowered Global Payments from a "buy" rating to a "hold" rating and set a $78.00 target price on the stock. in a research report on Monday, April 21st. Finally, Cowen lowered Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.91.

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.

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