Global Payments Inc. (NYSE:GPN) Position Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in Global Payments Inc. (NYSE:GPN - Free Report) by 911.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,559 shares of the business services provider's stock after acquiring an additional 16,724 shares during the period. Los Angeles Capital Management LLC's holdings in Global Payments were worth $2,357,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GPN. BluePath Capital Management LLC bought a new stake in Global Payments during the third quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Global Payments in the 4th quarter worth about $30,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Global Payments during the fourth quarter worth approximately $41,000. Parkside Financial Bank & Trust grew its holdings in shares of Global Payments by 77.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider's stock worth $47,000 after purchasing an additional 178 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Global Payments in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Stock Performance

Shares of GPN traded down $0.21 during mid-day trading on Tuesday, hitting $110.88. 2,284,872 shares of the company traded hands, compared to its average volume of 2,278,986. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 0.72 and a beta of 0.97. The stock has a 50-day moving average price of $127.05 and a two-hundred day moving average price of $124.81. 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 0.68, a quick ratio of 0.92 and a current ratio of 0.92.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings results 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. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The business had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the prior year, the business posted $2.30 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Global Payments Inc. will post 10.95 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, June 14th. Global Payments's dividend payout ratio (DPR) is presently 19.84%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GPN. Morgan Stanley raised their price target on shares of Global Payments from $160.00 to $164.00 and gave the company an "overweight" rating in a research note on Thursday, May 2nd. Evercore ISI reduced their price target on Global Payments from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Thursday, February 15th. Royal Bank of Canada raised their price objective on shares of Global Payments from $154.00 to $172.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. StockNews.com lowered shares of Global Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets dropped their price target on shares of Global Payments from $143.00 to $128.00 and set a "market perform" rating for the company in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $150.00.

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.