Quantinno Capital Management LP Lowers Stake in Global Payments Inc. (NYSE:GPN)

Quantinno Capital Management LP lessened its stake in Global Payments Inc. (NYSE:GPN) by 37.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,104 shares of the business services provider’s stock after selling 11,676 shares during the period. Quantinno Capital Management LP’s holdings in Global Payments were worth $2,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPN. Optiver Holding B.V. bought a new stake in Global Payments during the 4th quarter valued at $28,000. Whipplewood Advisors LLC bought a new stake in shares of Global Payments in the fourth quarter valued at about $37,000. Quintet Private Bank Europe S.A. purchased a new stake in Global Payments in the fourth quarter worth about $38,000. Manchester Capital Management LLC grew its holdings in Global Payments by 177.5% during the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock worth $53,000 after acquiring an additional 300 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Global Payments by 374.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 569 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 449 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GPN. Citigroup reiterated a “buy” rating on shares of Global Payments in a research note on Monday, April 21st. TD Cowen downgraded Global Payments from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research note on Monday, April 21st. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Jefferies Financial Group cut shares of Global Payments from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a report on Friday, April 18th. Finally, Cowen lowered Global Payments from a “buy” rating to a “hold” rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Global Payments has an average rating of “Hold” and an average target price of $112.43.

Global Payments Trading Down 1.4%

Shares of GPN stock opened at $79.69 on Wednesday. The company has a market cap of $19.43 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.86 and a beta of 0.96. The stock has a 50 day simple moving average of $84.83 and a 200-day simple moving average of $101.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $120.00.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.73 by $0.09. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. Global Payments’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 EPS. On average, equities research analysts expect that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. Global Payments’s payout ratio is currently 16.13%.

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.