Global Payments Inc. (NYSE:GPN) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 216.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,724 shares of the business services provider's stock after acquiring an additional 20,338 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Global Payments were worth $2,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Trust Co. NA boosted its position in shares of Global Payments by 11.2% during the fourth quarter. Private Trust Co. NA now owns 992 shares of the business services provider's stock worth $111,000 after buying an additional 100 shares during the period. Truvestments Capital LLC grew its position in Global Payments by 2.9% in the 4th quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider's stock valued at $413,000 after acquiring an additional 103 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Global Payments by 1.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,963 shares of the business services provider's stock worth $1,228,000 after purchasing an additional 117 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Global Payments by 0.4% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,902 shares of the business services provider's stock worth $3,795,000 after purchasing an additional 122 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in shares of Global Payments by 3.8% during the first quarter. Perigon Wealth Management LLC now owns 3,932 shares of the business services provider's stock worth $385,000 after purchasing an additional 144 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPN. TD Cowen cut shares of Global Payments from a "buy" rating to a "hold" rating and set a $78.00 price objective for the company. in a report on Monday, April 21st. Wall Street Zen raised Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup reiterated a "buy" rating on shares of Global Payments in a report on Monday, April 21st. Williams Trading set a $75.00 target price on Global Payments in a research note on Friday, April 18th. Finally, Cowen lowered Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $110.91.

Global Payments Stock Performance

NYSE GPN traded down $0.20 on Friday, hitting $81.79. 1,007,563 shares of the company's stock were exchanged, compared to its average volume of 2,508,605. The firm has a market cap of $19.95 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 0.78 and a beta of 0.94. The firm's 50-day moving average price is $77.98 and its two-hundred day moving average price is $93.05. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. 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 (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $2.20 billion. During the same quarter in the prior year, the business posted $2.59 earnings per share. Global Payments's revenue was down .3% compared to the same quarter last year. On average, research analysts expect that Global Payments Inc. will post 11.89 EPS for the current 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 was Friday, June 13th. Global Payments's payout ratio is currently 16.13%.

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.