Securian Asset Management Inc. Sells 386 Shares of Global Payments Inc. (NYSE:GPN)

by · The Markets Daily

Securian Asset Management Inc. decreased its position in Global Payments Inc. (NYSE:GPN – Free Report) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,677 shares of the business services provider’s stock after selling 386 shares during the quarter. Securian Asset Management Inc.’s holdings in Global Payments were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its position in Global Payments by 25.0% in the 4th quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock worth $929,969,000 after buying an additional 1,659,984 shares during the last quarter. Geode Capital Management LLC lifted its position in Global Payments by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock worth $605,078,000 after buying an additional 31,934 shares during the last quarter. Franklin Resources Inc. lifted its position in Global Payments by 1.5% in 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 during the last quarter. Nordea Investment Management AB lifted its position in Global Payments by 13.4% in the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock worth $330,516,000 after buying an additional 349,457 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Global Payments by 22.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after buying an additional 490,411 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.8 %

Global Payments stock opened at $92.16 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The business’s fifty day simple moving average is $106.42 and its two-hundred day simple moving average is $108.29. Global Payments Inc. has a 12 month low of $90.99 and a 12 month high of $136.36. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04.

Global Payments (NYSE:GPN – Get Free Report) last released 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). 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 during the quarter, compared to the consensus estimate of $2.31 billion. As a group, equities analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is 16.18%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Bank of America dropped their target price on Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Stephens downgraded Global Payments from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $125.00 to $120.00 in a research report on Friday, January 10th. Citigroup lowered their price objective on Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Barclays lowered their price objective on Global Payments from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has an average rating of “Moderate Buy” and an average target price of $134.33.

View Our Latest Stock Analysis on Global Payments

About Global Payments

(Free Report)

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.

Further Reading

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