Global Payments Inc. (NYSE:GPN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Global Payments Inc. (NYSE:GPN) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,488 shares of the business services provider’s stock after selling 846 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Global Payments were worth $3,416,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC acquired a new stake in Global Payments during the third quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of Global Payments during the third quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new position in Global Payments in the 4th quarter valued at $37,000. LRI Investments LLC grew its position in Global Payments by 94.4% in the 3rd 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 during the last quarter. Finally, Manchester Capital Management LLC grew its position in Global Payments by 177.5% in the 4th quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock valued at $53,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Activity at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $116.00 per share, with a total value of $672,800.00. Following the purchase, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.98% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Bank of America lowered their price objective on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Barclays lowered their price objective on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Finally, Stephens lowered shares of Global Payments from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $125.00 to $120.00 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Global Payments Trading Up 0.8 %

NYSE:GPN opened at $100.32 on Thursday. The company has a market capitalization of $24.84 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $140.38. The stock has a fifty day simple moving average of $108.35 and a 200-day simple moving average of $108.85.

Global Payments (NYSE:GPN) last announced 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 firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. On average, equities research analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, March 14th. Global Payments’s payout ratio is 16.18%.

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.