15,239 Shares in Global Payments Inc. (NYSE:GPN) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,239 shares of the business services provider's stock, valued at approximately $1,708,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPN. Coldstream Capital Management Inc. boosted its position in Global Payments by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 21,492 shares of the business services provider's stock worth $2,408,000 after purchasing an additional 1,301 shares during the period. North Reef Capital Management LP increased its position in shares of Global Payments by 4.4% during the fourth quarter. North Reef Capital Management LP now owns 881,999 shares of the business services provider's stock valued at $98,837,000 after buying an additional 36,999 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Global Payments during the fourth quarter valued at $3,148,000. Guardian Wealth Management Inc. purchased a new stake in Global Payments during the 4th quarter valued at about $2,282,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in Global Payments by 24.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,548 shares of the business services provider's stock worth $285,000 after purchasing an additional 504 shares during the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN traded down $0.82 during mid-day trading on Tuesday, reaching $78.44. The company had a trading volume of 807,963 shares, compared to its average volume of 2,395,696. The company's 50 day simple moving average is $88.73 and its 200 day simple moving average is $102.95. The company has a market capitalization of $19.29 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.86 and a beta of 0.96. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00. 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 announced its quarterly earnings data 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). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. Global Payments's dividend payout ratio (DPR) is currently 16.18%.

Analyst Ratings Changes

Several research analysts have weighed in on GPN shares. KeyCorp dropped their price target on Global Payments from $145.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. Citigroup reissued a "buy" rating on shares of Global Payments in a report on Monday, April 21st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $122.00 price objective (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Global Payments in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $112.86.

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.