Bamco Inc. NY Has $112,000 Holdings in Global Payments Inc. (NYSE:GPN)

Bamco Inc. NY lowered its position in Global Payments Inc. (NYSE:GPN - Free Report) by 87.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,000 shares of the business services provider's stock after selling 7,000 shares during the quarter. Bamco Inc. NY's holdings in Global Payments were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Global Payments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider's stock worth $2,800,952,000 after purchasing an additional 179,195 shares during the period. Pzena Investment Management LLC raised its stake in shares of Global Payments by 25.0% in the 4th quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider's stock valued at $929,969,000 after acquiring an additional 1,659,984 shares during the period. Geode Capital Management LLC raised its stake in shares of Global Payments by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider's stock valued at $696,362,000 after acquiring an additional 301,877 shares during the period. Norges Bank acquired a new position in shares of Global Payments during the 4th quarter valued at $345,823,000. Finally, Nordea Investment Management AB increased its holdings in Global Payments by 13.4% in the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider's stock valued at $330,516,000 after purchasing an additional 349,457 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GPN shares. Citigroup reiterated a "buy" rating on shares of Global Payments in a report on Monday, April 21st. Bank of America dropped their price objective on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company decreased their target price on shares of Global Payments from $105.00 to $77.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Morgan Stanley cut their price objective on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $112.09.

Global Payments Stock Performance

Shares of NYSE GPN traded up $0.90 during midday trading on Friday, reaching $80.47. 2,434,197 shares of the company traded hands, compared to its average volume of 2,425,069. The stock has a 50-day moving average price of $87.26 and a 200 day moving average price of $102.48. The company has a market cap of $19.79 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $120.00.

Global Payments (NYSE:GPN - Get Free Report) last announced its earnings results on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping 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 firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the previous year, the company earned $2.59 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. Global Payments's dividend payout ratio (DPR) is presently 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.