Calamos Advisors LLC Has $9.13 Million Holdings in Global Payments Inc. (NYSE:GPN)

Calamos Advisors LLC cut its holdings in Global Payments Inc. (NYSE:GPN) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,878 shares of the business services provider’s stock after selling 939 shares during the period. Calamos Advisors LLC’s holdings in Global Payments were worth $9,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPN. State Street Corp increased its holdings in Global Payments by 1.3% during the first quarter. State Street Corp now owns 10,819,457 shares of the business services provider’s stock worth $1,138,638,000 after buying an additional 134,403 shares during the last quarter. FMR LLC increased its holdings in Global Payments by 40.7% during the third quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock worth $1,078,525,000 after buying an additional 2,703,434 shares during the last quarter. Boston Partners increased its holdings in Global Payments by 40.5% during the third quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock worth $591,613,000 after buying an additional 1,481,714 shares during the last quarter. Bank of America Corp DE increased its holdings in Global Payments by 24.8% during the first quarter. Bank of America Corp DE now owns 3,518,268 shares of the business services provider’s stock worth $370,263,000 after buying an additional 698,913 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Global Payments by 3.4% during the third quarter. Victory Capital Management Inc. now owns 3,499,860 shares of the business services provider’s stock worth $403,849,000 after buying an additional 116,664 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Down 0.0 %

Shares of NYSE GPN opened at $122.13 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The company has a market cap of $31.15 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 0.78 and a beta of 0.96. Global Payments Inc. has a 12 month low of $95.12 and a 12 month high of $141.77. The stock has a 50-day moving average price of $130.33 and a two-hundred day moving average price of $124.23.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.01. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm posted $2.30 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Thursday, March 14th. Global Payments’s dividend payout ratio is currently 26.46%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a report on Thursday, February 1st. Robert W. Baird boosted their target price on shares of Global Payments from $172.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Royal Bank of Canada upped their price objective on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. StockNews.com downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets decreased their price objective on shares of Global Payments from $138.00 to $137.00 and set a “market perform” rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.92.

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.