Dempze Nancy E Has $1.63 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Dempze Nancy E decreased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,500 shares of the business services provider’s stock after selling 500 shares during the quarter. Dempze Nancy E’s holdings in Global Payments were worth $1,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Global Payments during the fourth quarter worth approximately $345,823,000. Pzena Investment Management LLC boosted its stake in shares of Global Payments by 25.0% during the 4th quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock valued at $929,969,000 after buying an additional 1,659,984 shares during the period. Focused Investors LLC purchased a new position in shares of Global Payments during the 4th quarter valued at $99,969,000. Assenagon Asset Management S.A. increased its stake in shares of Global Payments by 1,559.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider’s stock worth $61,502,000 after acquiring an additional 515,763 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Global Payments during the fourth quarter worth $53,700,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GPN has been the topic of several research reports. Bank of America dropped their target price on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Morgan Stanley cut their price target on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Stephens cut shares of Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $125.00 to $120.00 in a report on Friday, January 10th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on Global Payments from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.10.

Global Payments Stock Down 8.8 %

GPN opened at $84.82 on Friday. The company has a market capitalization of $20.85 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. The firm’s fifty day moving average price is $102.35 and its two-hundred day moving average price is $106.83. Global Payments Inc. has a fifty-two week low of $84.50 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 the consensus estimate of $2.98 by ($0.14). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. On average, analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.18%. Global Payments’s payout ratio is presently 16.18%.

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.