Global Payments Inc. (NYSE:GPN) Shares Acquired by Strs Ohio

Strs Ohio grew its position in Global Payments Inc. (NYSE:GPN - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 635,994 shares of the business services provider's stock after buying an additional 159,274 shares during the period. Strs Ohio owned 0.24% of Global Payments worth $80,771,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GPN. BluePath Capital Management LLC purchased a new position in shares of Global Payments during the 3rd quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Global Payments during the 4th quarter worth approximately $30,000. Clear Street Markets LLC purchased a new position in shares of Global Payments during the 4th quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Global Payments during the 4th quarter worth approximately $41,000. Finally, CVA Family Office LLC purchased a new position in shares of Global Payments during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 89.76% of the company's stock.

Analyst Upgrades and Downgrades

GPN has been the subject of a number of research analyst reports. Wedbush increased their price objective on shares of Global Payments from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. increased their target price on shares of Global Payments from $145.00 to $159.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Royal Bank of Canada increased their target price on shares of Global Payments from $154.00 to $172.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. BMO Capital Markets reduced their target price on shares of Global Payments from $138.00 to $137.00 and set a "market perform" rating on the stock in a report on Thursday, February 15th. Finally, Mizuho reiterated a "neutral" rating and set a $129.00 target price on shares of Global Payments in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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. The stock had a trading volume of 1,183,652 shares, compared to its average volume of 2,048,956. The company has a market capitalization of $31.56 billion, a PE ratio of 32.74, a P/E/G ratio of 0.79 and a beta of 0.96. The stock has a 50 day moving average price of $131.68 and a two-hundred day moving average price of $124.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77.

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

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, March 14th. Global Payments's dividend payout ratio is currently 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.