Global Payments Inc. (NYSE:GPN) Stock Holdings Lessened by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,806 shares of the business services provider's stock after selling 11,708 shares during the period. Asset Management One Co. Ltd.'s holdings in Global Payments were worth $13,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Camelot Portfolios LLC lifted its stake in Global Payments by 23.1% in the fourth quarter. Camelot Portfolios LLC now owns 2,746 shares of the business services provider's stock worth $349,000 after purchasing an additional 516 shares during the last quarter. AFS Financial Group LLC bought a new stake in shares of Global Payments during the fourth quarter valued at approximately $202,000. Venturi Wealth Management LLC raised its stake in shares of Global Payments by 49.9% during the fourth quarter. Venturi Wealth Management LLC now owns 3,048 shares of the business services provider's stock valued at $387,000 after acquiring an additional 1,015 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Global Payments by 2.6% during the fourth quarter. DAVENPORT & Co LLC now owns 42,803 shares of the business services provider's stock valued at $5,436,000 after acquiring an additional 1,104 shares in the last quarter. Finally, TIAA Trust National Association bought a new stake in shares of Global Payments during the fourth quarter valued at approximately $215,000. Hedge funds and other institutional investors own 89.76% of the company's stock.

Analysts Set New Price Targets

GPN has been the subject of several research analyst reports. Barclays lifted their price target on shares of Global Payments from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, February 20th. UBS Group boosted their price objective on shares of Global Payments from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Susquehanna boosted their price objective on shares of Global Payments from $150.00 to $160.00 and gave the stock a "positive" rating in a research note on Thursday, February 15th. Wedbush boosted their price objective on shares of Global Payments from $130.00 to $160.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 10th. Finally, Mizuho reissued a "neutral" rating and issued a $129.00 price objective on shares of Global Payments in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $152.31.

Global Payments Stock Performance

NYSE:GPN traded up $2.14 during mid-day trading on Monday, hitting $128.06. The company's stock had a trading volume of 1,772,977 shares, compared to its average volume of 2,325,682. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 0.81 and a beta of 0.96. The business's fifty day moving average is $132.62 and its two-hundred day moving average is $123.84.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.01. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Analysts anticipate that Global Payments Inc. will post 10.94 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. Global Payments's dividend payout ratio (DPR) is presently 26.46%.

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.