Global Payments Inc. (NYSE:GPN) Shares Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,271 shares of the business services provider's stock after buying an additional 12,440 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.10% of Global Payments worth $29,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pinebridge Investments L.P. bought a new position in shares of Global Payments during the fourth quarter valued at about $5,372,000. Hsbc Holdings PLC raised its position in Global Payments by 37.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,009,181 shares of the business services provider's stock valued at $113,132,000 after purchasing an additional 276,963 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Global Payments by 5.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 16,501 shares of the business services provider's stock worth $1,849,000 after buying an additional 919 shares during the period. MML Investors Services LLC lifted its holdings in Global Payments by 4.0% in the 4th quarter. MML Investors Services LLC now owns 22,014 shares of the business services provider's stock worth $2,467,000 after buying an additional 845 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Global Payments by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 67,357 shares of the business services provider's stock valued at $7,548,000 after buying an additional 1,199 shares during the period. 89.76% of the stock is owned by institutional investors.

Global Payments Stock Performance

Shares of Global Payments stock traded down $1.11 during trading on Wednesday, hitting $75.52. 860,031 shares of the company's stock were exchanged, compared to its average volume of 2,424,038. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.86 and a beta of 0.97. The business has a 50-day simple moving average of $90.75 and a 200-day simple moving average of $103.63. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $124.65. 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 quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. On average, research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.32%. Global Payments's dividend payout ratio is presently 16.18%.

Analyst Upgrades and Downgrades

GPN has been the topic of several research reports. Williams Trading set a $75.00 price objective on Global Payments in a research report on Friday, April 18th. Evercore ISI began coverage on Global Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $85.00 price target on the stock. KeyCorp lowered their price objective on Global Payments from $145.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $122.00 target price (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Finally, StockNews.com upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $112.86.

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.