Teacher Retirement System of Texas Has $4.50 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Teacher Retirement System of Texas lifted its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 1,828.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,932 shares of the business services provider's stock after purchasing an additional 43,550 shares during the period. Teacher Retirement System of Texas' holdings in Global Payments were worth $4,498,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Truvestments Capital LLC raised its holdings in shares of Global Payments by 2.9% during the fourth quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider's stock worth $413,000 after acquiring an additional 103 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of 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 acquiring an additional 117 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of 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 acquiring an additional 122 shares during the period. Perigon Wealth Management LLC raised its holdings 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 acquiring an additional 144 shares during the period. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Global Payments by 7.9% during the first quarter. Transcend Capital Advisors LLC now owns 2,135 shares of the business services provider's stock worth $209,000 after acquiring an additional 157 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Performance

Shares of GPN stock traded down $0.05 on Wednesday, hitting $80.61. The company's stock had a trading volume of 1,315,895 shares, compared to its average volume of 2,504,037. 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 market capitalization of $19.66 billion, a PE ratio of 13.00, a PEG ratio of 0.76 and a beta of 0.94. The stock's 50 day moving average is $78.36 and its 200-day moving average is $92.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 0.94.

Global Payments (NYSE:GPN - Get Free Report) last announced its earnings results 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 analyst estimates of $2.20 billion. Global Payments had a net margin of 15.48% and a return on equity of 12.33%. The business's revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.59 EPS. Equities research 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 declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, June 13th. Global Payments's dividend payout ratio (DPR) is currently 16.13%.

Wall Street Analyst Weigh In

GPN has been the topic of a number of research analyst reports. Cowen lowered shares of Global Payments from a "buy" rating to a "hold" rating in a report on Monday, April 21st. Keefe, Bruyette & Woods lifted their price target on shares of Global Payments from $81.00 to $85.00 and gave the company a "market perform" rating in a research note on Wednesday. Wells Fargo & Company lowered their price target on shares of Global Payments from $105.00 to $77.00 and set an "equal weight" rating 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, JPMorgan Chase & Co. lowered their price target on shares of Global Payments from $115.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $111.09.

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.