Voya Investment Management LLC Has $8.16 Million Position in Global Payments Inc. (NYSE:GPN)

Voya Investment Management LLC lowered its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 17.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,828 shares of the business services provider's stock after selling 15,658 shares during the quarter. Voya Investment Management LLC's holdings in Global Payments were worth $8,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GPN. Vanguard Group Inc. grew its stake in shares of Global Payments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider's stock worth $2,800,952,000 after acquiring an additional 179,195 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Global Payments by 25.0% in the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider's stock worth $929,969,000 after purchasing an additional 1,659,984 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Global Payments by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider's stock valued at $696,362,000 after purchasing an additional 301,877 shares in the last quarter. Franklin Resources Inc. increased its holdings in Global Payments by 1.5% during the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider's stock worth $564,437,000 after buying an additional 83,481 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Global Payments during the fourth quarter worth $345,823,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments Trading Up 1.9 %

Shares of GPN traded up $1.49 during mid-day trading on Monday, reaching $80.34. The stock had a trading volume of 866,452 shares, compared to its average volume of 2,391,580. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 0.86 and a beta of 0.96. The business's fifty day moving average is $89.18 and its 200 day moving average is $103.11. 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 released its 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%. On average, sell-side analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments's payout ratio is currently 16.18%.

Wall Street Analyst Weigh In

GPN has been the subject of a number of research analyst reports. TD Cowen cut Global Payments from a "buy" rating to a "hold" rating and set a $78.00 target price for the company. in a research note on Monday, April 21st. The Goldman Sachs Group reiterated a "neutral" rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. StockNews.com upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. KeyCorp reduced their target price on shares of Global Payments from $145.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Williams Trading set a $75.00 price target on shares of Global Payments in a research note on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $112.86.

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.