Hsbc Holdings PLC Has $113.13 Million Holdings in Global Payments Inc. (NYSE:GPN)

Hsbc Holdings PLC boosted its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,009,181 shares of the business services provider's stock after acquiring an additional 276,963 shares during the quarter. Hsbc Holdings PLC owned 0.40% of Global Payments worth $113,132,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC raised its stake in shares of 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 in the last quarter. MML Investors Services LLC increased its position in shares of Global Payments by 4.0% in the fourth quarter. MML Investors Services LLC now owns 22,014 shares of the business services provider's stock worth $2,467,000 after acquiring an additional 845 shares in the last quarter. MetLife Investment Management LLC raised its holdings 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 acquiring an additional 1,199 shares during the period. Norinchukin Bank The lifted its position in shares of Global Payments by 10.5% in the 4th quarter. Norinchukin Bank The now owns 11,821 shares of the business services provider's stock valued at $1,325,000 after acquiring an additional 1,125 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in Global Payments by 833.2% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 18,701 shares of the business services provider's stock worth $2,096,000 after purchasing an additional 16,697 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on GPN shares. Jefferies Financial Group lowered Global Payments from a "buy" rating to a "hold" rating and set a $75.00 target price for the company. in a report on Friday, April 18th. Evercore ISI assumed coverage on Global Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $85.00 price objective for the company. KeyCorp dropped their target price on Global Payments from $145.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Barclays decreased their price target on shares of Global Payments from $125.00 to $110.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Robert W. Baird dropped their price objective on shares of Global Payments from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Global Payments presently has a consensus rating of "Hold" and a consensus price target of $112.86.

Global Payments Stock Performance

NYSE:GPN traded up $1.76 during trading hours on Tuesday, hitting $76.07. 743,752 shares of the company traded hands, compared to its average volume of 2,423,033. The firm has a 50-day moving average of $91.33 and a 200 day moving average of $103.82. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.86 and a beta of 0.97. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $126.06.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. On average, analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Global Payments's dividend payout ratio is currently 16.18%.

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.