Shaker Investments LLC OH Takes Position in Global Payments Inc. (NYSE:GPN)

Shaker Investments LLC OH acquired a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,289 shares of the business services provider's stock, valued at approximately $1,815,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPN. Penserra Capital Management LLC grew its position in shares of Global Payments by 6.4% during the 1st quarter. Penserra Capital Management LLC now owns 1,389 shares of the business services provider's stock worth $190,000 after buying an additional 83 shares during the period. Coldstream Capital Management Inc. increased its stake in Global Payments by 3.8% in the third quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider's stock valued at $287,000 after purchasing an additional 91 shares in the last quarter. Fulton Bank N.A. raised its holdings in Global Payments by 1.7% in the fourth quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider's stock worth $687,000 after purchasing an additional 93 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Global Payments by 2.0% during the third quarter. Stratos Wealth Partners LTD. now owns 4,707 shares of the business services provider's stock worth $543,000 after purchasing an additional 94 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Global Payments by 0.7% in the 4th quarter. Wedmont Private Capital now owns 13,740 shares of the business services provider's stock valued at $1,828,000 after buying an additional 98 shares during the period. 89.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GPN has been the topic of several recent analyst reports. UBS Group lifted their target price on Global Payments from $130.00 to $145.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Barclays lifted their price objective on Global Payments from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, February 20th. Evercore ISI lowered their target price on Global Payments from $185.00 to $180.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. Susquehanna lifted their price target on shares of Global Payments from $150.00 to $160.00 and gave the company a "positive" rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada upped their target price on shares of Global Payments from $154.00 to $172.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, Global Payments has an average rating of "Moderate Buy" and an average target price of $152.31.

Global Payments Stock Performance

Shares of NYSE GPN traded down $0.80 during midday trading on Friday, hitting $123.74. 1,178,898 shares of the company's stock were exchanged, compared to its average volume of 2,266,935. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $31.56 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96. Global Payments Inc. has a 12 month low of $95.12 and a 12 month high of $141.77. The company's 50 day moving average price is $131.68 and its 200 day moving average price is $124.00.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $0.01. The firm had revenue of $2.43 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.30 earnings per share. As a group, analysts predict that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.81%. Global Payments's dividend payout ratio (DPR) is presently 26.46%.

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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