Two Sigma Advisers LP Makes New $863,000 Investment in Global Payments Inc. (NYSE:GPN)

Two Sigma Advisers LP bought a new stake in Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,700 shares of the business services provider's stock, valued at approximately $863,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Global Payments in the 4th quarter valued at about $725,000. Perigon Wealth Management LLC grew its stake in shares of Global Payments by 9.7% during the fourth quarter. Perigon Wealth Management LLC now owns 3,788 shares of the business services provider's stock worth $413,000 after buying an additional 335 shares during the last quarter. Caprock Group LLC grew its stake in shares of Global Payments by 9.8% during the fourth quarter. Caprock Group LLC now owns 2,313 shares of the business services provider's stock worth $259,000 after buying an additional 206 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Global Payments by 2.5% during the fourth quarter. DAVENPORT & Co LLC now owns 42,147 shares of the business services provider's stock worth $4,723,000 after buying an additional 1,024 shares during the last quarter. Finally, SYM FINANCIAL Corp grew its stake in shares of Global Payments by 14.4% in the fourth quarter. SYM FINANCIAL Corp now owns 2,792 shares of the business services provider's stock worth $313,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 89.76% of the company's stock.

Analysts Set New Price Targets

GPN has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of Global Payments from $78.00 to $81.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. Jefferies Financial Group lowered shares of Global Payments from a "buy" rating to a "hold" rating and set a $75.00 price objective for the company. in a research note on Friday, April 18th. Cowen downgraded shares of Global Payments from a "buy" rating to a "hold" rating in a report on Monday, April 21st. Wall Street Zen raised shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley decreased their target price on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.91.

Global Payments Trading Down 0.9%

Shares of NYSE:GPN traded down $0.71 during trading on Thursday, reaching $75.98. 1,606,900 shares of the stock were exchanged, compared to its average volume of 2,467,997. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.96. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $120.00. The firm's 50-day moving average price is $79.94 and its 200 day moving average price is $98.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97.

Global Payments (NYSE:GPN - Get Free Report) last released 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 company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the prior year, the business posted $2.59 EPS. The business's revenue was down .3% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's dividend payout ratio is currently 16.13%.

About Global Payments

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.