Oarsman Capital Inc. Reduces Stock Holdings in Global Payments Inc. (NYSE:GPN)

Oarsman Capital Inc. lessened its stake in Global Payments Inc. (NYSE:GPN) by 53.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 425 shares of the business services provider’s stock after selling 493 shares during the quarter. Oarsman Capital Inc.’s holdings in Global Payments were worth $48,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GPN. Resona Asset Management Co. Ltd. acquired a new stake in shares of Global Payments during the fourth quarter valued at about $8,361,000. Landscape Capital Management L.L.C. grew its stake in Global Payments by 24.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 12,823 shares of the business services provider’s stock valued at $1,437,000 after purchasing an additional 2,497 shares in the last quarter. Huntington National Bank grew its stake in Global Payments by 38.4% during the 4th quarter. Huntington National Bank now owns 1,733 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 481 shares in the last quarter. Discovery Capital Management LLC CT purchased a new stake in Global Payments during the 4th quarter worth approximately $30,738,000. Finally, Geode Capital Management LLC raised its position in shares of Global Payments by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider’s stock valued at $696,362,000 after purchasing an additional 301,877 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GPN. Keefe, Bruyette & Woods decreased their price target on shares of Global Payments from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Stephens lowered 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 shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 price target (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Finally, Citigroup lowered their price objective on Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Global Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.10.

Global Payments Stock Performance

GPN opened at $84.82 on Monday. Global Payments Inc. has a twelve month low of $81.23 and a twelve month high of $129.35. The stock has a market cap of $20.85 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The business’s 50 day moving average is $102.35 and its 200-day moving average is $106.76. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. On average, analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.18%. 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.