LSV Asset Management Has $51.33 Million Stock Position in Global Payments Inc. (NYSE:GPN)

LSV Asset Management cut its stake in Global Payments Inc. (NYSE:GPN) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 404,200 shares of the business services provider’s stock after selling 27,780 shares during the period. LSV Asset Management owned about 0.16% of Global Payments worth $51,333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BluePath Capital Management LLC acquired a new position in Global Payments in the third quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Global Payments in the fourth quarter valued at approximately $30,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Global Payments in the 4th quarter worth approximately $41,000. CVA Family Office LLC bought a new stake in Global Payments during the 4th quarter worth approximately $50,000. Finally, Parkside Financial Bank & Trust increased its holdings in Global Payments by 77.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GPN. Barclays decreased their target price on Global Payments from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday. Wedbush boosted their price objective on shares of Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. BMO Capital Markets lowered their target price on Global Payments from $143.00 to $128.00 and set a “market perform” rating for the company in a research note on Thursday. Evercore ISI reduced their target price on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Mizuho reiterated a “neutral” rating and set a $129.00 target price on shares of Global Payments in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.00.

Global Payments Stock Performance

Shares of Global Payments stock traded up $0.83 during trading on Friday, hitting $111.37. 3,191,218 shares of the stock were exchanged, compared to its average volume of 2,029,470. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $127.50 and a 200-day moving average price of $124.69. The stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 0.72 and a beta of 0.97. Global Payments Inc. has a 1-year low of $95.12 and a 1-year high of $141.77.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned $2.30 EPS. The firm’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 fiscal year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, June 14th. Global Payments’s payout ratio is 19.84%.

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.