Global Payments Inc. (NYSE:GPN) Shares Sold by Oarsman Capital Inc.

Oarsman Capital Inc. lowered its position in Global Payments Inc. (NYSE:GPN) by 53.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 425 shares of the business services provider’s stock after selling 493 shares during the period. Oarsman Capital Inc.’s holdings in Global Payments were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in GPN. Beaird Harris Wealth Management LLC purchased a new position in shares of Global Payments in the 3rd quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new position in Global Payments during the fourth quarter worth about $37,000. Quintet Private Bank Europe S.A. acquired a new position in Global Payments during the fourth quarter worth about $38,000. LRI Investments LLC increased its holdings in 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 buying an additional 251 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 8.8 %

Shares of GPN opened at $84.82 on Monday. The firm has a market cap of $20.85 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average is $102.35 and its two-hundred day moving average is $106.76. Global Payments Inc. has a fifty-two week low of $81.23 and a fifty-two week high of $129.35.

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

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.18%. Global Payments’s payout ratio is 16.18%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GPN. The Goldman Sachs Group restated a “neutral” rating and issued a $122.00 price target (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Keefe, Bruyette & Woods dropped their price target on Global Payments from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Bank of America cut their price target on Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, February 14th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup cut their target price on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Global Payments has an average rating of “Moderate Buy” and a consensus target price 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.