Global Payments Inc. (NYSE:GPN) is Gator Capital Management LLC’s 7th Largest Position

Gator Capital Management LLC boosted its holdings in Global Payments Inc. (NYSE:GPN) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,725 shares of the business services provider’s stock after acquiring an additional 220 shares during the quarter. Global Payments comprises approximately 3.7% of Gator Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Gator Capital Management LLC’s holdings in Global Payments were worth $9,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of Global Payments by 17.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 11,017 shares of the business services provider’s stock valued at $1,128,000 after acquiring an additional 1,600 shares during the period. Hilltop Holdings Inc. acquired a new position in Global Payments during the third quarter worth $270,000. Investment Management Corp of Ontario raised its holdings in Global Payments by 46.7% during the third quarter. Investment Management Corp of Ontario now owns 8,480 shares of the business services provider’s stock worth $869,000 after purchasing an additional 2,700 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Global Payments during the third quarter worth $209,000. Finally, Royal London Asset Management Ltd. grew its holdings in Global Payments by 2.7% in the third quarter. Royal London Asset Management Ltd. now owns 104,808 shares of the business services provider’s stock valued at $10,734,000 after purchasing an additional 2,730 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 8.8 %

Shares of GPN opened at $84.82 on Friday. Global Payments Inc. has a twelve month low of $84.50 and a twelve month high of $129.35. The firm has a market capitalization of $20.85 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. 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 stock’s fifty day simple moving average is $102.35 and its 200 day simple moving average is $106.79.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.31 billion. On average, equities research analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, March 14th. Global Payments’s payout ratio is currently 16.18%.

Wall Street Analysts Forecast Growth

GPN has been the topic of several recent research reports. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Stephens cut 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. Morgan Stanley lowered their price target 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. The Goldman Sachs Group restated a “neutral” rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Finally, Bank of America lowered their target price on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.10.

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.