Vise Technologies Inc. Purchases New Shares in Global Payments Inc. (NYSE:GPN)

Vise Technologies Inc. purchased a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,650 shares of the business services provider's stock, valued at approximately $409,000.

Several other large investors have also recently bought and sold shares of the business. Optiver Holding B.V. acquired a new position in Global Payments in the 4th quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in Global Payments in the 4th quarter worth about $37,000. Quintet Private Bank Europe S.A. acquired a new position in Global Payments in the 4th quarter worth about $38,000. True Wealth Design LLC acquired a new position in Global Payments in the 4th quarter worth about $40,000. Finally, Manchester Capital Management LLC increased its position in Global Payments by 177.5% in 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. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

Shares of GPN stock traded down $0.36 during mid-day trading on Friday, reaching $75.49. The stock had a trading volume of 4,674,141 shares, compared to its average volume of 2,476,381. The firm's 50 day simple moving average is $81.33 and its 200 day simple moving average is $99.36. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a one year low of $65.93 and a one year high of $120.00. The firm has a market cap of $18.41 billion, a PE ratio of 12.21, a P/E/G ratio of 0.86 and a beta of 0.96.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.73 by $0.09. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The company's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $2.59 EPS. On average, analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. Global Payments's dividend payout ratio (DPR) is presently 16.13%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GPN. JPMorgan Chase & Co. dropped their target price on Global Payments from $115.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley lowered their price objective on Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Wells Fargo & Company lowered their price objective on Global Payments from $105.00 to $77.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wolfe Research reissued a "peer perform" rating on shares of Global Payments in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Global Payments presently has a consensus rating of "Hold" and a consensus target price of $112.43.

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.