Global Payments Inc. (NYSE:GPN) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. raised its position in Global Payments Inc. (NYSE:GPN) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,609 shares of the business services provider’s stock after acquiring an additional 14,610 shares during the quarter. Natixis Advisors L.P. owned approximately 0.10% of Global Payments worth $33,351,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GPN. Coldstream Capital Management Inc. grew its holdings in shares of Global Payments by 3.8% in the third quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 91 shares in the last quarter. Fulton Bank N.A. boosted its position in Global Payments by 1.7% in the 4th quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock valued at $687,000 after buying an additional 93 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Global Payments by 2.0% in the third quarter. Stratos Wealth Partners LTD. now owns 4,707 shares of the business services provider’s stock worth $543,000 after acquiring an additional 94 shares in the last quarter. Wedmont Private Capital increased its position in shares of Global Payments by 0.7% during the fourth quarter. Wedmont Private Capital now owns 13,740 shares of the business services provider’s stock worth $1,828,000 after acquiring an additional 98 shares during the period. Finally, KB Financial Partners LLC raised its stake in shares of Global Payments by 2.9% in the third quarter. KB Financial Partners LLC now owns 4,069 shares of the business services provider’s stock valued at $470,000 after acquiring an additional 113 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

Shares of GPN opened at $111.37 on Friday. The company’s 50 day simple moving average is $127.50 and its 200-day simple moving average is $124.69. The firm has a market cap of $28.43 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.72 and a beta of 0.97. Global Payments Inc. has a 12-month low of $95.12 and a 12-month high of $141.77. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.01. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the firm posted $2.30 EPS. Global Payments’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Global Payments Inc. will post 10.95 EPS for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, June 14th. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI lowered their target price 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. TD Cowen lowered their price objective on Global Payments from $160.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets reduced their target price on shares of Global Payments from $143.00 to $128.00 and set a “market perform” rating on the stock in a report on Thursday. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, B. Riley increased their price objective on shares of Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

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.