New York State Common Retirement Fund Has $25.10 Million Holdings in Global Payments Inc. (NYSE:GPN)

New York State Common Retirement Fund cut its holdings in shares of Global Payments Inc. (NYSE:GPN) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 197,629 shares of the business services provider’s stock after selling 27,068 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Global Payments worth $25,099,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BluePath Capital Management LLC acquired a new stake in Global Payments during the 3rd quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Global Payments during the 4th quarter worth about $30,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Global Payments during the 4th quarter worth about $41,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Global Payments during the 3rd quarter worth about $47,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Global Payments by 77.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock worth $47,000 after purchasing an additional 178 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut their price target 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. Royal Bank of Canada raised their price target on Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. UBS Group raised their price target on Global Payments from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. B. Riley raised their price target on Global Payments from $180.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.92.

Global Payments Stock Performance

Shares of NYSE GPN opened at $124.57 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $129.19 and its two-hundred day moving average is $124.65. The company has a market cap of $31.78 billion, a P/E ratio of 32.96, a P/E/G ratio of 0.80 and a beta of 0.96. Global Payments Inc. has a 12 month low of $95.12 and a 12 month high of $141.77.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.01. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm earned $2.30 EPS. Global Payments’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Global Payments Inc. will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, March 14th. Global Payments’s payout ratio is presently 26.46%.

About Global Payments

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.