Global Payments Inc. (NYSE:GPN) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,200 shares of the business services provider's stock after selling 7,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Global Payments were worth $9,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GPN. Norges Bank acquired a new stake in shares of Global Payments during the 4th quarter worth about $345,823,000. Pzena Investment Management LLC increased its stake in Global Payments by 25.0% during the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider's stock worth $929,969,000 after purchasing an additional 1,659,984 shares during the period. SG Americas Securities LLC increased its stake in Global Payments by 75,379.7% during the first quarter. SG Americas Securities LLC now owns 1,517,141 shares of the business services provider's stock worth $148,558,000 after purchasing an additional 1,515,131 shares during the period. Contour Asset Management LLC purchased a new stake in Global Payments during the fourth quarter worth about $147,695,000. Finally, Focused Investors LLC purchased a new stake in Global Payments during the fourth quarter worth about $99,969,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of recent research reports. Royal Bank Of Canada lowered shares of Global Payments from an "outperform" rating to a "sector perform" rating and set a $86.00 price target on the stock. in a research note on Friday, April 25th. Keefe, Bruyette & Woods boosted their price target on shares of Global Payments from $78.00 to $81.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. TD Cowen lowered shares of Global Payments from a "buy" rating to a "hold" rating and set a $78.00 price target on the stock. in a research note on Monday, April 21st. Wolfe Research reiterated a "peer perform" rating on shares of Global Payments in a research note on Wednesday, April 23rd. Finally, Williams Trading set a $75.00 target price on shares of Global Payments in a research note on Friday, April 18th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Global Payments presently has an average rating of "Hold" and a consensus target price of $110.91.

Global Payments Stock Up 0.1%

GPN traded up $0.06 on Thursday, reaching $76.06. The company's stock had a trading volume of 4,089,036 shares, compared to its average volume of 2,497,672. The stock has a 50 day moving average of $77.35 and a two-hundred day moving average of $95.60. 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 company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 0.73 and a beta of 0.93. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.09. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Global Payments had a return on equity of 12.33% and a net margin of 15.48%. The company's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.59 earnings per share. As a group, analysts forecast 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 will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's payout ratio is currently 16.13%.

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.