Nisa Investment Advisors LLC decreased its holdings in shares of Global Payments Inc (NYSE:GPN) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,751 shares of the business services provider’s stock after selling 2,750 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Global Payments were worth $10,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of GPN. Sun Life Financial INC raised its holdings in Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 1,101 shares during the period. Intellectus Partners LLC bought a new stake in Global Payments during the 2nd quarter valued at $128,000. Commonwealth Bank of Australia raised its holdings in Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 176 shares during the period. Stephens Inc. AR bought a new stake in Global Payments during the 2nd quarter valued at $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Global Payments by 28.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 400 shares during the period. 98.90% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $97.69, for a total value of $58,614.00. Following the completion of the transaction, the director now directly owns 46,093 shares in the company, valued at $4,502,825.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 3,000 shares of company stock valued at $299,082 over the last quarter. 0.93% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on GPN shares. Nomura reissued a “sell” rating and set a $83.00 target price on shares of Global Payments in a report on Monday, October 16th. Morgan Stanley boosted their target price on shares of Global Payments from $98.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $108.00 target price (up previously from $103.00) on shares of Global Payments in a report on Thursday, November 9th. Zacks Investment Research cut shares of Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BMO Capital Markets boosted their target price on shares of Global Payments from $103.00 to $115.00 and gave the company a “positive” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $107.79.

Global Payments Inc (GPN) opened at $103.26 on Friday. Global Payments Inc has a 1 year low of $75.88 and a 1 year high of $106.52. The stock has a market cap of $16,433.00, a price-to-earnings ratio of 27.76, a P/E/G ratio of 1.60 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $917.31 million. During the same period in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts predict that Global Payments Inc will post 3.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.01 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 2.23%.

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Global Payments Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

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

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