Global Payments Inc. (NYSE:GPN) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has reduced its holdings in Global Payments Inc. by 13.0%, owning approximately 0.08% of the company, valued at $20.03 million.
• Analysts have mixed views on Global Payments, with Mizuho upgrading the stock to an "outperform" rating and raising the price target to $114, while Wells Fargo decreased its target from $105 to $77.
• The company reported a net margin of 15.48% and a quarterly revenue of $2.20 billion, slightly down from the previous year, with earnings per share (EPS) of $2.82 for the latest quarter.

Natixis Advisors LLC lessened its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 13.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,503 shares of the business services provider's stock after selling 30,437 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Global Payments worth $20,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Optiver Holding B.V. acquired a new stake in Global Payments in the 4th quarter valued at about $28,000. NBC Securities Inc. bought a new stake in Global Payments in the 1st quarter valued at $30,000. True Wealth Design LLC bought a new position in shares of Global Payments during the 4th quarter worth approximately $40,000. Larson Financial Group LLC increased its position in shares of Global Payments by 546.6% in the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider's stock valued at $37,000 after acquiring an additional 317 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Global Payments by 4,866.7% during the 1st quarter. Golden State Wealth Management LLC now owns 447 shares of the business services provider's stock worth $44,000 after purchasing an additional 438 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GPN has been the topic of a number of research analyst reports. Evercore ISI assumed coverage on Global Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price target on the stock. Williams Trading set a $75.00 price target on shares of Global Payments in a research note on Friday, April 18th. Wall Street Zen upgraded Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays dropped their price objective on Global Payments from $125.00 to $110.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods boosted their target price on Global Payments from $81.00 to $85.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $112.00.

Global Payments Trading Down 4.3%

GPN traded down $3.65 during trading hours on Thursday, reaching $81.89. The company's stock had a trading volume of 3,432,908 shares, compared to its average volume of 2,813,794. The stock has a market cap of $19.97 billion, a PE ratio of 13.21, a P/E/G ratio of 0.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.94 and a quick ratio of 0.94. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The business's 50-day moving average is $79.56 and its 200-day moving average is $88.15.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.04. The business had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.36 billion. Global Payments had a return on equity of 12.33% and a net margin of 15.48%. During the same period in the prior year, the firm posted $2.93 EPS. The business's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

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.