Victory Capital Management Inc. cut its position in shares of Global Payments Inc (NYSE:GPN) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 309,508 shares of the business services provider’s stock after selling 30,155 shares during the quarter. Victory Capital Management Inc. owned 0.20% of Global Payments worth $31,920,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GPN. FMR LLC lifted its stake in Global Payments by 12.5% during the second quarter. FMR LLC now owns 9,712,626 shares of the business services provider’s stock valued at $1,082,860,000 after buying an additional 1,082,153 shares in the last quarter. Marshall Wace North America L.P. lifted its stake in Global Payments by 43.5% during the third quarter. Marshall Wace North America L.P. now owns 2,162,102 shares of the business services provider’s stock valued at $275,452,000 after buying an additional 655,495 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Global Payments by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock valued at $575,914,000 after buying an additional 581,025 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in Global Payments by 13,458.2% during the third quarter. Eagle Asset Management Inc. now owns 430,337 shares of the business services provider’s stock valued at $54,824,000 after buying an additional 427,163 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Global Payments by 1,131.6% during the third quarter. Marshall Wace LLP now owns 359,090 shares of the business services provider’s stock valued at $45,748,000 after buying an additional 329,934 shares in the last quarter. 98.47% of the stock is owned by institutional investors.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $121.49, for a total transaction of $425,215.00. Following the transaction, the director now owns 68,817 shares in the company, valued at $8,360,577.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the stock in a transaction that occurred on Monday, January 14th. The shares were sold at an average price of $110.82, for a total value of $332,460.00. Following the transaction, the director now owns 72,399 shares in the company, valued at approximately $8,023,257.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,500 shares of company stock worth $1,063,735. Insiders own 0.98% of the company’s stock.

Shares of GPN opened at $123.30 on Tuesday. The company has a market cap of $19.51 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 1.20 and a beta of 1.15. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.03 and a current ratio of 1.03. Global Payments Inc has a twelve month low of $94.81 and a twelve month high of $129.25.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 13th. The business services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Global Payments had a net margin of 13.43% and a return on equity of 19.11%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 earnings per share. Analysts predict that Global Payments Inc will post 5.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, March 14th. Global Payments’s payout ratio is presently 0.77%.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Global Payments from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. reissued an “outperform” rating and issued a $143.00 price target (up from $130.00) on shares of Global Payments in a research report on Thursday, February 14th. KeyCorp increased their price target on shares of Global Payments from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, February 14th. Finally, TheStreet raised shares of Global Payments from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $132.81.

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Global Payments Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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