Natixis Advisors L.P. Sells 144,134 Shares of Global Payments Inc. (NYSE:GPN)

Natixis Advisors L.P. cut its holdings in shares of Global Payments Inc. (NYSE:GPNGet Rating) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,865 shares of the business services provider’s stock after selling 144,134 shares during the quarter. Natixis Advisors L.P. owned approximately 0.05% of Global Payments worth $20,664,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Capital Advisors Ltd. LLC raised its holdings in Global Payments by 250.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 252 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 180 shares during the period. Hyman Charles D bought a new stake in shares of Global Payments in the fourth quarter worth about $265,000. Westpac Banking Corp increased its holdings in shares of Global Payments by 25.5% in the fourth quarter. Westpac Banking Corp now owns 35,098 shares of the business services provider’s stock worth $4,745,000 after purchasing an additional 7,127 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Global Payments in the fourth quarter worth about $253,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Global Payments by 50.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,337 shares of the business services provider’s stock worth $316,000 after purchasing an additional 788 shares during the last quarter. 84.90% of the stock is currently owned by institutional investors and hedge funds.

Global Payments stock traded down $6.91 during mid-day trading on Friday, reaching $136.98. 2,685,389 shares of the company were exchanged, compared to its average volume of 1,558,800. The business has a fifty day moving average of $135.06 and a 200 day moving average of $137.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $38.58 billion, a P/E ratio of 41.76, a PEG ratio of 0.87 and a beta of 1.06. Global Payments Inc. has a 12-month low of $116.75 and a 12-month high of $217.74.

Global Payments (NYSE:GPNGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.03. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $1.97 billion. Global Payments had a return on equity of 8.51% and a net margin of 11.33%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 earnings per share. Sell-side analysts predict that Global Payments Inc. will post 9.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, March 10th. Global Payments’s payout ratio is presently 30.49%.

In other news, Director William I. Jacobs sold 500 shares of the company’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $145.83, for a total transaction of $72,915.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO David M. Sheffield sold 1,006 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $132.55, for a total value of $133,345.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,006 shares of company stock worth $270,255. Insiders own 1.19% of the company’s stock.

Several brokerages have recently issued reports on GPN. Citigroup reduced their target price on Global Payments from $195.00 to $180.00 in a report on Monday, April 25th. Morgan Stanley reduced their price objective on Global Payments from $173.00 to $162.00 and set an “equal weight” rating on the stock in a research note on Friday, February 11th. Loop Capital boosted their price objective on Global Payments from $180.00 to $196.00 in a research note on Friday, February 11th. Rosenblatt Securities boosted their price objective on Global Payments from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 11th. Finally, StockNews.com began coverage on Global Payments in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, Global Payments currently has an average rating of “Buy” and a consensus price target of $190.14.

About Global Payments (Get Rating)

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and on-line reporting services.

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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