Thompson Siegel & Walmsley LLC Sells 20,795 Shares of Global Payments Inc. (NYSE:GPN)

Thompson Siegel & Walmsley LLC lowered its position in Global Payments Inc. (NYSE:GPN) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 629,514 shares of the business services provider’s stock after selling 20,795 shares during the quarter. Global Payments makes up about 1.1% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 29th largest holding. Thompson Siegel & Walmsley LLC owned 0.25% of Global Payments worth $70,543,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GPN. Farther Finance Advisors LLC lifted its stake in shares of Global Payments by 295.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the business services provider’s stock worth $74,000 after buying an additional 541 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Global Payments by 7.8% during the 3rd quarter. Atria Investments Inc now owns 9,850 shares of the business services provider’s stock worth $1,009,000 after buying an additional 711 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth about $202,000. Los Angeles Capital Management LLC increased its position in Global Payments by 96.9% during the third quarter. Los Angeles Capital Management LLC now owns 25,192 shares of the business services provider’s stock worth $2,580,000 after acquiring an additional 12,395 shares during the period. Finally, Entropy Technologies LP bought a new position in Global Payments during the third quarter worth about $562,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Performance

NYSE GPN opened at $93.01 on Thursday. Global Payments Inc. has a 1 year low of $90.99 and a 1 year high of $140.38. 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 firm has a market cap of $23.03 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.86 and a beta of 1.04. The company has a fifty day moving average price of $106.81 and a 200-day moving average price of $108.40.

Global Payments (NYSE:GPN) last posted 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 return on equity of 12.21% and a net margin of 15.54%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. As a group, equities research analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is currently 16.18%.

Insider Buying and Selling at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the transaction, the director now directly owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of recent research reports. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Bank of America decreased their price target on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Stephens downgraded shares of Global Payments from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. Finally, Barclays dropped their price target on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.33.

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.