Point72 Asia Singapore Pte. Ltd. decreased its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 93.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 522 shares of the business services provider's stock after selling 7,082 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Global Payments were worth $59,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. AIA Group Ltd purchased a new stake in Global Payments in the fourth quarter worth $349,000. Oribel Capital Management LP increased its position in Global Payments by 495.1% during the 4th quarter. Oribel Capital Management LP now owns 521,300 shares of the business services provider's stock valued at $58,417,000 after purchasing an additional 433,700 shares during the period. Caprock Group LLC raised its holdings in Global Payments by 9.8% in the 4th quarter. Caprock Group LLC now owns 2,313 shares of the business services provider's stock worth $259,000 after purchasing an additional 206 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Global Payments by 106.1% in 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 about $99,969,000. Institutional investors own 89.76% of the company's stock.
Global Payments Stock Down 0.0%
Shares of NYSE:GPN traded down $0.01 during trading on Thursday, reaching $75.71. 2,272,168 shares of the stock traded hands, compared to its average volume of 2,472,798. The stock has a market cap of $18.46 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 0.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a 50-day moving average of $84.46 and a two-hundred day moving average of $101.25. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $120.00.
Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results 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 12.21% and a net margin of 15.54%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business posted $2.59 EPS. The company's revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts expect 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. Shareholders of record on Friday, June 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, June 13th. Global Payments's dividend payout ratio (DPR) is 16.13%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Cowen cut shares of Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Robert W. Baird cut their price objective on Global Payments from $145.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Barclays lowered their target price on Global Payments from $125.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Citigroup restated a "buy" rating on shares of Global Payments in a research report on Monday, April 21st. Finally, Williams Trading set a $75.00 price objective on Global Payments in a report on Friday, April 18th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Global Payments currently has an average rating of "Hold" and an average price target of $112.43.
View Our Latest Stock Report on GPN
About Global Payments
(
Free Report)
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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