Maytus Capital Management LLC Acquires 25,632 Shares of Global Payments Inc. (NYSE:GPN)

Maytus Capital Management LLC boosted its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 61.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,632 shares of the business services provider's stock after acquiring an additional 25,632 shares during the period. Global Payments accounts for about 2.6% of Maytus Capital Management LLC's holdings, making the stock its 10th biggest position. Maytus Capital Management LLC's holdings in Global Payments were worth $7,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in Global Payments during the 4th quarter worth $28,000. Whipplewood Advisors LLC acquired a new position in Global Payments during the 4th quarter worth approximately $37,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Global Payments during the 4th quarter worth approximately $38,000. Manchester Capital Management LLC lifted its holdings in shares of Global Payments by 177.5% in the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock valued at $53,000 after buying an additional 300 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Global Payments by 374.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider's stock valued at $64,000 after buying an additional 449 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Price Performance

Global Payments stock opened at $83.10 on Tuesday. The business's fifty day moving average is $86.53 and its two-hundred day moving average is $102.28. 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 Inc. has a 52 week low of $65.93 and a 52 week high of $120.00. The firm has a market cap of $20.27 billion, a P/E ratio of 13.45, 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. 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 during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company earned $2.59 earnings per share. The company's revenue was down .3% on a year-over-year basis. Equities research analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current fiscal 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's payout ratio is presently 16.13%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI assumed 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 for the company. Morgan Stanley decreased their target price on Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Robert W. Baird cut their price target on Global Payments from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Cowen cut shares of Global Payments from a "buy" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Williams Trading set a $75.00 price objective on shares of Global Payments in a research note on Friday, April 18th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $112.09.

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.

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