Schonfeld Strategic Advisors LLC trimmed its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 56.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,202 shares of the business services provider's stock after selling 124,713 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Global Payments were worth $10,892,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC bought a new stake in Global Payments during the third quarter worth about $25,000. Optiver Holding B.V. bought a new stake in shares of Global Payments in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new stake in shares of Global Payments in the 4th quarter worth approximately $37,000. Quintet Private Bank Europe S.A. bought a new stake in Global Payments in the fourth quarter worth $38,000. Finally, Manchester Capital Management LLC grew its stake in shares of Global Payments by 177.5% in the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider's stock worth $53,000 after acquiring an additional 300 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.
Global Payments Stock Performance
Shares of GPN traded down $0.68 during trading hours on Tuesday, reaching $78.58. 1,112,614 shares of the company traded hands, compared to its average volume of 2,396,884. The stock has a market capitalization of $19.32 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.86 and a beta of 0.96. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average price of $88.73 and a 200-day moving average price of $102.95. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $120.00.
Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. Equities analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal year.
Global Payments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.27%. Global Payments's dividend payout ratio is presently 16.18%.
Analyst Ratings Changes
GPN has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Citigroup reiterated a "buy" rating on shares of Global Payments in a research note on Monday, April 21st. Jefferies Financial Group lowered shares of Global Payments from a "buy" rating to a "hold" rating and set a $75.00 target price for the company. in a research report on Friday, April 18th. Williams Trading set a $75.00 price objective on Global Payments in a research note on Friday, April 18th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Global Payments in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Global Payments currently has an average rating of "Hold" and a consensus target price of $112.86.
View Our Latest Analysis on GPN
About Global Payments
(
Free Report)
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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