Dempze Nancy E Has $1.63 Million Holdings in Global Payments Inc. (NYSE:GPN)

Dempze Nancy E decreased its position in shares of Global Payments Inc. (NYSE:GPN) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,500 shares of the business services provider’s stock after selling 500 shares during the period. Dempze Nancy E’s holdings in Global Payments were worth $1,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Global Payments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider’s stock valued at $2,800,952,000 after purchasing an additional 179,195 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Global Payments by 25.0% in the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock valued at $929,969,000 after buying an additional 1,659,984 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Global Payments by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider’s stock valued at $696,362,000 after buying an additional 301,877 shares during the last quarter. Franklin Resources Inc. lifted its position in Global Payments by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock worth $564,437,000 after buying an additional 83,481 shares in the last quarter. Finally, Norges Bank bought a new stake in Global Payments during the 4th quarter worth about $345,823,000. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GPN. Morgan Stanley reduced their target price on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Citigroup decreased their price objective on Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Stephens downgraded Global Payments from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. Bank of America decreased their price target on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.10.

Global Payments Stock Performance

Shares of GPN opened at $84.82 on Friday. The firm has a market cap of $20.85 billion, a P/E ratio of 13.72, a PEG ratio of 0.86 and a beta of 0.97. Global Payments Inc. has a twelve month low of $84.50 and a twelve month high of $129.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The firm’s 50 day moving average price is $102.35 and its two-hundred day moving average price is $106.83.

Global Payments (NYSE:GPN) last posted its quarterly earnings data 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 net margin of 15.54% and a return on equity of 12.21%. On average, analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. Global Payments’s payout ratio is presently 16.18%.

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.