UniSuper Management Pty Ltd Has $2.85 Million Stake in Global Payments Inc. (NYSE:GPN)

UniSuper Management Pty Ltd lowered its holdings in Global Payments Inc. (NYSE:GPN) by 30.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,434 shares of the business services provider’s stock after selling 10,972 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Global Payments were worth $2,850,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments during the third quarter valued at about $25,000. Whipplewood Advisors LLC bought a new stake in Global Payments during the 4th quarter worth approximately $37,000. Quintet Private Bank Europe S.A. bought a new stake in Global Payments during the 4th quarter worth approximately $38,000. Manchester Capital Management LLC raised its stake in shares of Global Payments by 177.5% in the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock worth $53,000 after purchasing an additional 300 shares during the last quarter. Finally, LRI Investments LLC lifted its holdings in shares of Global Payments by 94.4% in the third quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Price Performance

Global Payments stock opened at $97.55 on Friday. The firm has a market capitalization of $23.99 billion, a P/E ratio of 15.79, a PEG ratio of 0.86 and a beta of 1.04. Global Payments Inc. has a one year low of $90.99 and a one year high of $133.63. 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 business has a fifty day moving average price of $103.72 and a 200-day moving average price of $107.34.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. As a group, equities research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Global Payments’s dividend payout ratio (DPR) is currently 16.18%.

Analyst Upgrades and Downgrades

GPN has been the subject of several recent research reports. Citigroup decreased their price target on Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group restated a “neutral” rating and set a $122.00 price target (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Barclays dropped their target price 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. Finally, Stephens lowered Global Payments from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $125.00 to $120.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Global Payments Company 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.