Pathstone Holdings LLC Lowers Position in Global Payments Inc. (NYSE:GPN)

Pathstone Holdings LLC reduced its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,572 shares of the business services provider's stock after selling 3,246 shares during the quarter. Pathstone Holdings LLC's holdings in Global Payments were worth $8,132,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AIA Group Ltd acquired a new position in Global Payments during the fourth quarter valued at approximately $349,000. Oribel Capital Management LP lifted its position in shares of Global Payments by 495.1% during the 4th quarter. Oribel Capital Management LP now owns 521,300 shares of the business services provider's stock worth $58,417,000 after buying an additional 433,700 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Global Payments by 9.8% during the fourth quarter. Caprock Group LLC now owns 2,313 shares of the business services provider's stock worth $259,000 after buying an additional 206 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Global Payments by 106.1% during the fourth quarter. Van ECK Associates Corp now owns 50,705 shares of the business services provider's stock worth $5,682,000 after purchasing an additional 26,104 shares during the last quarter. Finally, Focused Investors LLC bought a new position in Global Payments in the 4th quarter valued at approximately $99,969,000. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN traded down $1.16 during midday trading on Tuesday, hitting $79.69. 2,300,362 shares of the company traded hands, compared to its average volume of 2,465,187. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.86 and a beta of 0.96. The firm has a 50 day moving average of $85.08 and a 200-day moving average of $101.58. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $120.00.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.73 by $0.09. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the company earned $2.59 earnings per share. Global Payments's revenue was down .3% on a year-over-year basis. On average, analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.25%. Global Payments's dividend payout ratio is presently 16.13%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GPN. Cowen downgraded shares of Global Payments from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Williams Trading set a $75.00 target price on shares of Global Payments in a report on Friday, April 18th. Wolfe Research reaffirmed a "peer perform" rating on shares of Global Payments in a research report on Wednesday, April 23rd. TD Cowen lowered Global Payments from a "buy" rating to a "hold" rating and set a $78.00 price objective for the company. in a report on Monday, April 21st. Finally, KeyCorp raised their target price on Global Payments from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $112.43.

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.