Global Payments Inc. (NYSE:GPN) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in Global Payments Inc. (NYSE:GPN) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,906,444 shares of the business services provider’s stock after buying an additional 259,590 shares during the period. Janus Henderson Group PLC owned about 1.14% of Global Payments worth $325,698,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GPN. Principal Financial Group Inc. raised its holdings in Global Payments by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 299,137 shares of the business services provider’s stock worth $30,638,000 after purchasing an additional 8,078 shares during the period. Czech National Bank increased its position in shares of Global Payments by 6.5% in the fourth quarter. Czech National Bank now owns 55,180 shares of the business services provider’s stock valued at $6,183,000 after buying an additional 3,349 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Global Payments during the 4th quarter worth approximately $678,000. Wedmont Private Capital lifted its position in shares of Global Payments by 1.8% during the 4th quarter. Wedmont Private Capital now owns 17,973 shares of the business services provider’s stock valued at $1,900,000 after buying an additional 322 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in Global Payments by 10.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,402 shares of the business services provider’s stock valued at $605,000 after acquiring an additional 530 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GPN. Keefe, Bruyette & Woods boosted their price target on shares of Global Payments from $78.00 to $81.00 and gave the stock a “market perform” rating in a report on Wednesday, May 7th. Evercore ISI assumed coverage on shares of Global Payments in a report on Wednesday, April 9th. They issued an “in-line” rating and a $85.00 price target for the company. Jefferies Financial Group lowered shares of Global Payments from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research note on Friday, April 18th. Morgan Stanley decreased their price target on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Global Payments in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.09.

Global Payments Stock Performance

NYSE:GPN opened at $80.47 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market capitalization of $19.79 billion, a P/E ratio of 13.02, a PEG ratio of 0.86 and a beta of 0.96. The company has a 50 day moving average price of $86.87 and a 200 day moving average price of $102.39. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.09. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $2.59 EPS. Equities research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Global Payments’s dividend payout ratio (DPR) is 16.13%.

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.