Tokio Marine Asset Management Co. Ltd. Buys 265 Shares of Global Payments Inc. (NYSE:GPN)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Global Payments Inc. (NYSE:GPN) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,281 shares of the business services provider’s stock after buying an additional 265 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Global Payments were worth $798,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BluePath Capital Management LLC bought a new stake in Global Payments during the third quarter worth $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Global Payments during the fourth quarter worth $30,000. McGlone Suttner Wealth Management Inc. purchased a new position in Global Payments in the fourth quarter worth $41,000. CVA Family Office LLC purchased a new position in Global Payments in the fourth quarter worth $50,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Global Payments in the third quarter worth $47,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of Global Payments stock opened at $124.57 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 firm has a market capitalization of $31.78 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96. The business’s 50-day moving average price is $129.19 and its 200-day moving average price is $124.65. Global Payments Inc. has a 12 month low of $95.12 and a 12 month high of $141.77.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.64 by $0.01. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 EPS. Sell-side analysts forecast that Global Payments Inc. will post 10.94 EPS 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 given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. Global Payments’s dividend payout ratio (DPR) is presently 26.46%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. B. Riley boosted their price objective on Global Payments from $180.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Evercore ISI cut their price objective on Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Robert W. Baird boosted their price objective on Global Payments from $172.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. boosted their price objective on Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Wedbush boosted their price objective on Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.92.

Global Payments 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.