Wellington Management Group LLP Has $7.32 Million Stake in Global Payments Inc. (NYSE:GPN)

Wellington Management Group LLP lowered its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 83.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,339 shares of the business services provider's stock after selling 324,577 shares during the period. Wellington Management Group LLP's holdings in Global Payments were worth $7,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Global Payments by 121.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,816 shares of the business services provider's stock worth $4,686,000 after purchasing an additional 22,920 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in Global Payments during the 4th quarter worth $9,548,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Global Payments during the 4th quarter worth $20,503,000. Capital A Wealth Management LLC acquired a new position in Global Payments in the 4th quarter valued at $303,000. Finally, Aurdan Capital Management LLC bought a new stake in shares of Global Payments during the 4th quarter valued at $3,050,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on GPN. Morgan Stanley cut their price objective on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Williams Trading set a $75.00 price target on shares of Global Payments in a research report on Friday, April 18th. Evercore ISI began coverage on shares of Global Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price objective on the stock. Wall Street Zen upgraded Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Keefe, Bruyette & Woods raised their target price on Global Payments from $78.00 to $81.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. One 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $110.91.

Global Payments Trading Up 0.7%

NYSE:GPN traded up $0.52 on Friday, reaching $76.54. 707,201 shares of the stock traded hands, compared to its average volume of 2,461,173. The firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.96. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company's 50 day moving average is $79.50 and its 200-day moving average is $98.37.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.09. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. Global Payments's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.59 earnings per share. Equities research analysts anticipate that Global Payments Inc. will post 11.89 EPS 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. Stockholders of record on Friday, June 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's dividend payout ratio is 16.13%.

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.