Tokio Marine Asset Management Co. Ltd. Purchases 265 Shares of Global Payments Inc. (NYSE:GPN)

Tokio Marine Asset Management Co. Ltd. increased its position in Global Payments Inc. (NYSE:GPN) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,281 shares of the business services provider’s stock after purchasing an additional 265 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Global Payments were worth $798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Global Payments by 70.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the business services provider’s stock worth $72,000 after purchasing an additional 233 shares in the last quarter. Waverly Advisors LLC boosted its position in Global Payments by 60.5% during the 3rd quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider’s stock valued at $2,261,000 after acquiring an additional 7,387 shares in the last quarter. Shaker Investments LLC OH bought a new stake in Global Payments during the 4th quarter valued at $1,815,000. AFS Financial Group LLC bought a new stake in Global Payments during the 4th quarter valued at $202,000. Finally, Sigma Investment Counselors Inc. boosted its position in Global Payments by 1.4% during the 4th quarter. Sigma Investment Counselors Inc. now owns 19,519 shares of the business services provider’s stock valued at $2,479,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on GPN shares. B. Riley increased their target price on Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, February 5th. KeyCorp increased their target price on Global Payments from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Evercore ISI lowered their price objective on Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price objective on Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. One equities research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.92.

Global Payments Trading Down 0.0 %

Shares of NYSE:GPN opened at $124.57 on Friday. Global Payments Inc. has a 1 year low of $95.12 and a 1 year high of $141.77. The firm has a market capitalization of $31.78 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50 day moving average price is $129.19 and its 200-day moving average price is $124.65.

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

Global Payments Announces Dividend

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

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.