Global Payments Inc. (NYSE:GPN) Stock Holdings Increased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. grew its position in shares of Global Payments Inc. (NYSE:GPN) by 24.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,823 shares of the business services provider’s stock after buying an additional 2,497 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Global Payments were worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Global Payments by 0.3% in the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock worth $2,760,000 after purchasing an additional 86 shares during the period. Sage Capital Advisors llc grew its position in shares of Global Payments by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock valued at $3,164,000 after buying an additional 96 shares during the last quarter. SYM FINANCIAL Corp raised its stake in Global Payments by 4.1% during the third quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock worth $250,000 after acquiring an additional 97 shares during the period. Private Trust Co. NA lifted its holdings in Global Payments by 11.2% in the fourth quarter. Private Trust Co. NA now owns 992 shares of the business services provider’s stock worth $111,000 after acquiring an additional 100 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in Global Payments by 2.9% in the fourth quarter. Truvestments Capital LLC now owns 3,685 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of research reports. Citigroup dropped their price target on Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Bank of America lowered their price target on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Keefe, Bruyette & Woods cut their price objective on shares of Global Payments from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays cut their price target on Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.10.

Global Payments Stock Performance

Shares of GPN opened at $84.82 on Friday. 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 50 day moving average is $102.35 and its 200-day moving average is $106.83. Global Payments Inc. has a 12-month low of $84.50 and a 12-month high of $129.35. The stock 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.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.31 billion. Equities research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, March 14th. Global Payments’s dividend payout ratio is 16.18%.

About Global Payments

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.