Global Payments Inc. (NYSE:GPN) Stock Holdings Cut by Delphi Management Inc. MA

Delphi Management Inc. MA reduced its position in shares of Global Payments Inc. (NYSE:GPN) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,414 shares of the business services provider’s stock after selling 840 shares during the quarter. Delphi Management Inc. MA’s holdings in Global Payments were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cozad Asset Management Inc. boosted its stake in Global Payments by 13.0% during the 4th quarter. Cozad Asset Management Inc. now owns 5,823 shares of the business services provider’s stock valued at $653,000 after purchasing an additional 669 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Global Payments by 1.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,963 shares of the business services provider’s stock valued at $1,228,000 after purchasing an additional 117 shares in the last quarter. Natixis Advisors LLC boosted its stake in Global Payments by 3.3% during the 4th quarter. Natixis Advisors LLC now owns 234,940 shares of the business services provider’s stock valued at $26,327,000 after purchasing an additional 7,456 shares in the last quarter. Integras Partners LLC bought a new position in Global Payments during the 4th quarter valued at $312,000. Finally, Commonwealth Equity Services LLC boosted its stake in Global Payments by 255.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,909 shares of the business services provider’s stock valued at $4,248,000 after purchasing an additional 27,252 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on GPN. Keefe, Bruyette & Woods increased their price objective on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Citigroup cut their price objective on Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Barclays cut their price objective on Global Payments from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group reiterated a “neutral” rating and set a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Finally, Bank of America cut their price objective on Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Global Payments presently has a consensus rating of “Moderate Buy” and an average target price of $134.33.

Global Payments Trading Up 1.7 %

Global Payments stock opened at $95.82 on Tuesday. The firm has a 50-day moving average of $105.70 and a 200-day moving average of $108.06. Global Payments Inc. has a one year low of $90.99 and a one year high of $136.36. 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 company has a market cap of $23.73 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 0.86 and a beta of 1.04.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.14). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. On average, equities analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.04%. Global Payments’s dividend payout ratio is currently 16.18%.

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.