4,968 Shares in Global Payments Inc. (NYSE:GPN) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in shares of Global Payments Inc. (NYSE:GPN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,968 shares of the business services provider’s stock, valued at approximately $631,000.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC boosted its stake in Global Payments by 40.7% during the third quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock valued at $1,078,525,000 after buying an additional 2,703,434 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Global Payments by 338.3% during the third quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider’s stock valued at $379,416,000 after buying an additional 2,537,941 shares during the last quarter. Pzena Investment Management LLC bought a new position in Global Payments during the third quarter valued at approximately $197,875,000. Boston Partners boosted its stake in Global Payments by 40.5% during the third quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock valued at $591,613,000 after buying an additional 1,481,714 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its stake in Global Payments by 119.0% during the third quarter. Alkeon Capital Management LLC now owns 1,085,772 shares of the business services provider’s stock valued at $125,287,000 after buying an additional 590,000 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.0 %

Shares of NYSE:GPN traded down $0.06 on Friday, reaching $124.57. The company had a trading volume of 1,593,668 shares, compared to its average volume of 1,321,103. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $31.78 billion, a PE ratio of 32.96, a PEG ratio of 0.80 and a beta of 0.96. Global Payments Inc. has a 52-week low of $95.12 and a 52-week high of $141.77. The firm’s 50 day simple moving average is $129.19 and its 200-day simple moving average is $124.65.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 EPS. As a group, analysts expect that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. Global Payments’s payout ratio is 26.46%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI dropped their price target on Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Barclays lowered their price objective on Global Payments from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. Susquehanna raised their price objective on Global Payments from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. Wedbush raised their price objective on Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Finally, StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.92.

Global Payments Company 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.