Global Payments Inc. (NYSE:GPN) Stock Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Global Payments Inc. (NYSE:GPN) by 82.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,722 shares of the business services provider’s stock after buying an additional 37,035 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Global Payments were worth $10,379,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BluePath Capital Management LLC bought a new position in Global Payments during the third quarter worth $27,000. Clear Street Markets LLC bought a new position in shares of Global Payments in the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Global Payments in the 4th quarter valued at about $30,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Global Payments during the 4th quarter valued at about $41,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Global Payments during the third quarter worth about $47,000. Institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays lowered their target price on Global Payments from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday. BMO Capital Markets lowered their price objective on Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 15th. KeyCorp raised their target price on Global Payments from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. upped their price target on shares of Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, UBS Group lifted their price objective on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Global Payments has an average rating of “Moderate Buy” and an average price target of $151.92.

Global Payments Trading Down 0.0 %

Shares of GPN stock opened at $122.13 on Friday. Global Payments Inc. has a 12-month low of $95.12 and a 12-month high of $141.77. The company has a market capitalization of $31.15 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 0.78 and a beta of 0.96. The firm has a 50 day moving average price of $130.33 and a two-hundred day moving average price of $124.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.01. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 EPS. As a group, analysts predict that Global Payments Inc. will post 10.94 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Thursday, March 14th. Global Payments’s dividend payout ratio is currently 26.46%.

Global Payments 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.