Mn Services Vermogensbeheer B.V. Decreases Stock Holdings in Global Payments Inc. (NYSE:GPN)

Mn Services Vermogensbeheer B.V. decreased its holdings in Global Payments Inc. (NYSE:GPN) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,400 shares of the business services provider’s stock after selling 4,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Global Payments were worth $15,799,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GPN. American Century Companies Inc. raised its position in Global Payments by 10.3% in the 1st quarter. American Century Companies Inc. now owns 6,136 shares of the business services provider’s stock worth $840,000 after buying an additional 572 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Global Payments by 7.7% during the 1st quarter. Private Advisor Group LLC now owns 3,942 shares of the business services provider’s stock valued at $539,000 after purchasing an additional 281 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Global Payments by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,288,788 shares of the business services provider’s stock valued at $176,366,000 after purchasing an additional 48,605 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Global Payments by 259.7% during the 1st quarter. Vontobel Holding Ltd. now owns 17,285 shares of the business services provider’s stock valued at $2,377,000 after purchasing an additional 12,479 shares during the period. Finally, Prudential PLC bought a new stake in shares of Global Payments during the 1st quarter valued at about $766,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.6 %

Shares of GPN stock opened at $123.74 on Monday. The stock has a 50 day moving average of $131.68 and a 200 day moving average of $124.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a market cap of $31.56 billion, a P/E ratio of 32.74, a P/E/G ratio of 0.79 and a beta of 0.96. Global Payments Inc. has a twelve month low of $95.12 and a twelve month high of $141.77.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.01. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. Global Payments’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share. As a group, sell-side analysts expect that Global Payments Inc. will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, March 14th. Global Payments’s payout ratio is currently 26.46%.

Wall Street Analyst Weigh In

GPN has been the subject of a number of recent research reports. StockNews.com downgraded Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Barclays boosted their price target on Global Payments from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. KeyCorp boosted their price objective on Global Payments from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Evercore ISI cut their price objective 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. Finally, Robert W. Baird boosted their price objective on Global Payments from $172.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Global Payments has an average rating of “Moderate Buy” and an average target price of $152.31.

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.