Susquehanna Fundamental Investments LLC Invests $1.71 Million in Global Payments Inc. (NYSE:GPN)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 15,239 shares of the business services provider's stock, valued at approximately $1,708,000.

Several other institutional investors have also modified their holdings of the company. Nordea Investment Management AB lifted its position in Global Payments by 13.4% in the fourth quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider's stock valued at $330,516,000 after acquiring an additional 349,457 shares during the last quarter. AIA Group Ltd purchased a new stake in Global Payments in the fourth quarter valued at $349,000. Oribel Capital Management LP lifted its position in Global Payments by 495.1% in the fourth quarter. Oribel Capital Management LP now owns 521,300 shares of the business services provider's stock valued at $58,417,000 after acquiring an additional 433,700 shares during the last quarter. Caprock Group LLC lifted its position in Global Payments by 9.8% in the fourth quarter. Caprock Group LLC now owns 2,313 shares of the business services provider's stock valued at $259,000 after acquiring an additional 206 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Global Payments by 106.1% in the fourth quarter. Van ECK Associates Corp now owns 50,705 shares of the business services provider's stock valued at $5,682,000 after acquiring an additional 26,104 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GPN. Williams Trading set a $75.00 price target on shares of Global Payments in a research report on Friday, April 18th. Bank of America lowered their price target on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Royal Bank of Canada cut Global Payments from an "outperform" rating to a "sector perform" rating and set a $86.00 price objective for the company. in a research report on Friday, April 25th. Keefe, Bruyette & Woods downgraded Global Payments from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $135.00 to $78.00 in a research note on Thursday, April 17th. Finally, Wells Fargo & Company lowered their target price on Global Payments from $105.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Global Payments has a consensus rating of "Hold" and a consensus target price of $112.86.

Global Payments Stock Performance

Shares of GPN stock opened at $76.38 on Thursday. The stock has a fifty day moving average price of $90.21 and a 200 day moving average price of $103.44. The stock has a market cap of $18.78 billion, a PE ratio of 12.36, a P/E/G ratio of 0.86 and a beta of 0.97. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $122.12. 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 (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.14). The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. Sell-side analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. Global Payments's dividend payout ratio (DPR) is 16.18%.

About Global Payments

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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