Neo Ivy Capital Management Buys New Holdings in Global Payments Inc. (NYSE:GPN)

Neo Ivy Capital Management purchased a new stake in Global Payments Inc. (NYSE:GPN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,855 shares of the business services provider's stock, valued at approximately $1,440,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Optiver Holding B.V. acquired a new stake in Global Payments in the 4th quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in Global Payments during the 4th quarter worth approximately $37,000. Quintet Private Bank Europe S.A. purchased a new stake in Global Payments during the 4th quarter worth approximately $38,000. True Wealth Design LLC purchased a new stake in Global Payments during the 4th quarter worth approximately $40,000. Finally, Manchester Capital Management LLC increased its holdings in Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Price Performance

GPN traded up $0.21 during trading on Thursday, hitting $75.20. 427,239 shares of the company traded hands, compared to its average volume of 2,472,255. The company has a market cap of $18.34 billion, a PE ratio of 12.16, a P/E/G ratio of 0.86 and a beta of 0.96. The stock's 50-day simple moving average is $82.27 and its two-hundred day simple moving average is $100.03. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $120.00. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.73 by $0.09. The firm had revenue of $2.20 billion for 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 company's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.59 EPS. As a group, sell-side analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, June 13th. Global Payments's payout ratio is 16.13%.

Wall Street Analyst Weigh In

GPN has been the subject of a number of analyst reports. Barclays reduced their price objective on Global Payments from $125.00 to $110.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Citigroup reiterated a "buy" rating on shares of Global Payments in a research report on Monday, April 21st. Morgan Stanley reduced their price target on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. TD Cowen lowered Global Payments from a "buy" rating to a "hold" rating and set a $78.00 price target for the company. in a research report on Monday, April 21st. Finally, Wells Fargo & Company cut their price objective on Global Payments from $105.00 to $77.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $112.43.

Global Payments Company 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.