Thompson Siegel & Walmsley LLC Sells 12,779 Shares of Global Payments Inc. (NYSE:GPN)

Thompson Siegel & Walmsley LLC decreased its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 442,653 shares of the business services provider's stock after selling 12,779 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.17% of Global Payments worth $56,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Global Payments by 70.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the business services provider's stock valued at $72,000 after buying an additional 233 shares during the period. Waverly Advisors LLC increased its stake in shares of Global Payments by 60.5% in the 3rd quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider's stock valued at $2,261,000 after buying an additional 7,387 shares during the period. Shaker Investments LLC OH acquired a new stake in shares of Global Payments in the 4th quarter valued at $1,815,000. Van ECK Associates Corp increased its stake in shares of Global Payments by 138.5% in the 4th quarter. Van ECK Associates Corp now owns 24,323 shares of the business services provider's stock valued at $3,089,000 after buying an additional 14,125 shares during the period. Finally, AFS Financial Group LLC acquired a new stake in shares of Global Payments in the 4th quarter valued at $202,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPN has been the subject of several research reports. Barclays lowered their target price on Global Payments from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. Citigroup decreased their price objective on Global Payments from $163.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. TD Cowen decreased their price objective on Global Payments from $160.00 to $152.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. Royal Bank of Canada lifted their price objective on Global Payments from $154.00 to $172.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Finally, UBS Group lifted their price objective on Global Payments from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $150.00.

Global Payments Stock Down 2.1 %

Shares of Global Payments stock traded down $2.34 during trading on Friday, reaching $109.23. The stock had a trading volume of 2,167,751 shares, compared to its average volume of 2,266,034. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 0.71 and a beta of 0.97. The stock has a fifty day moving average price of $125.44 and a two-hundred day moving average price of $124.63. Global Payments Inc. has a 52 week low of $95.12 and a 52 week high of $141.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN - Get Free Report) last released its earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. Global Payments's revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that Global Payments Inc. will post 11.07 EPS for the current fiscal year.

Global Payments Announces Dividend

The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 0.92%. Global Payments's payout ratio is presently 19.84%.

Insider Buying and Selling

In related news, VP Andrea M. Carter sold 3,300 shares of the company's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $111.34, for a total transaction of $367,422.00. Following the sale, the vice president now owns 25,209 shares in the company, valued at $2,806,770.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

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.