CANADA LIFE ASSURANCE Co Has $32.33 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

CANADA LIFE ASSURANCE Co increased its stake in Global Payments Inc. (NYSE:GPN) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 288,573 shares of the business services provider’s stock after acquiring an additional 4,036 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Global Payments were worth $32,327,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GPN. Virtu Financial LLC boosted its stake in shares of Global Payments by 79.4% in the 3rd quarter. Virtu Financial LLC now owns 32,107 shares of the business services provider’s stock valued at $3,288,000 after purchasing an additional 14,212 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Global Payments by 5.6% during the third quarter. SkyView Investment Advisors LLC now owns 5,315 shares of the business services provider’s stock valued at $544,000 after acquiring an additional 280 shares during the last quarter. Boyar Asset Management Inc. grew its holdings in Global Payments by 22.4% during the 3rd quarter. Boyar Asset Management Inc. now owns 8,329 shares of the business services provider’s stock worth $853,000 after acquiring an additional 1,525 shares during the period. Sanctuary Advisors LLC raised its position in shares of Global Payments by 4.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,718 shares of the business services provider’s stock worth $995,000 after acquiring an additional 411 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Global Payments by 24.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 44,394 shares of the business services provider’s stock valued at $4,547,000 after purchasing an additional 8,677 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Global Payments Trading Down 17.4 %

NYSE GPN opened at $69.50 on Friday. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.86 and a beta of 0.97. The business’s fifty day moving average is $95.50 and its 200-day moving average is $104.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a one year low of $68.48 and a one year high of $127.66.

Global Payments (NYSE:GPN) last issued its quarterly 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 company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Equities research analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, March 14th. Global Payments’s dividend payout ratio is currently 16.18%.

Analyst Ratings Changes

GPN has been the subject of a number of research analyst reports. Williams Trading set a $75.00 target price on Global Payments in a report on Friday. Morgan Stanley lowered their price objective on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Evercore ISI assumed coverage on shares of Global Payments in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $85.00 price target for the company. Finally, Stephens lowered shares of Global Payments from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $125.00 to $120.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $124.73.

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.