MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $13.79 Million Stock Position in Global Payments Inc. (NYSE:GPN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Global Payments Inc. (NYSE:GPN - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,027 shares of the business services provider's stock after acquiring an additional 4,685 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Global Payments were worth $13,786,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. LRT Capital Management LLC boosted its position in shares of Global Payments by 120.8% in the fourth quarter. LRT Capital Management LLC now owns 32,563 shares of the business services provider's stock worth $3,649,000 after buying an additional 17,815 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in Global Payments during the 4th quarter worth about $4,473,000. Janus Henderson Group PLC grew its stake in Global Payments by 9.8% during the 4th quarter. Janus Henderson Group PLC now owns 2,906,444 shares of the business services provider's stock valued at $325,698,000 after acquiring an additional 259,590 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Global Payments by 10.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 327,031 shares of the business services provider's stock valued at $36,647,000 after purchasing an additional 30,298 shares during the period. Finally, Dean Capital Management lifted its position in shares of Global Payments by 2.2% in the fourth quarter. Dean Capital Management now owns 13,680 shares of the business services provider's stock worth $1,533,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Bank of America lowered 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 report on Friday, February 14th. Williams Trading set a $75.00 price target on shares of Global Payments in a report on Friday, April 18th. Morgan Stanley cut their price objective on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Jefferies Financial Group cut Global Payments from a "buy" rating to a "hold" rating and set a $75.00 price objective for the company. in a research report on Friday, April 18th. Finally, TD Cowen lowered Global Payments from a "buy" rating to a "hold" rating and set a $78.00 target price on the stock. in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Global Payments has a consensus rating of "Hold" and an average target price of $112.43.

Global Payments Stock Performance

Shares of NYSE GPN traded down $1.60 during trading hours on Monday, hitting $80.77. 2,686,824 shares of the company's stock were exchanged, compared to its average volume of 2,462,448. The company's 50-day moving average price is $85.32 and its 200-day moving average price is $101.74. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. The stock has a market capitalization of $19.70 billion, a price-to-earnings ratio of 13.07, 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 (NYSE:GPN - Get Free Report) last released its earnings results on Tuesday, May 6th. The business services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.09. The business 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%. The firm's revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $2.59 earnings per share. On average, sell-side analysts expect that Global Payments Inc. will post 11.89 earnings per share 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 1.24%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments's dividend payout ratio is 16.13%.

Global Payments Company 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.