47,347 Global Payments Inc. $GPN Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its stake in shares of Global Payments Inc. (NYSE:GPN) by 1,301.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 50,985 shares of the business services provider’s stock after acquiring an additional 47,347 shares during the period. Fulcrum Asset Management LLP’s holdings in Global Payments were worth $4,249,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Gtcr LLC acquired a new position in shares of Global Payments during the 1st quarter worth approximately $2,911,939,000. Pzena Investment Management LLC bought a new position in shares of Global Payments in the second quarter valued at $848,344,000. Deutsche Bank AG bought a new position in shares of Global Payments in the second quarter valued at $138,781,000. Legal & General Group Plc bought a new position in shares of Global Payments in the second quarter valued at $120,036,000. Finally, Davis Asset Management L.P. acquired a new position in Global Payments during the second quarter worth $107,752,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on GPN. Weiss Ratings raised shares of Global Payments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. UBS Group began coverage on shares of Global Payments in a research report on Thursday, August 6th. They issued a “buy” rating for the company. Cantor Fitzgerald boosted their price objective on shares of Global Payments from $91.00 to $103.00 and gave the stock a “neutral” rating in a research note on Monday. Barclays upped their target price on shares of Global Payments from $89.00 to $97.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Citigroup reiterated a “buy” rating on shares of Global Payments in a research note on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Global Payments has a consensus rating of “Hold” and an average price target of $98.07.

Global Payments Stock Performance

GPN opened at $97.75 on Tuesday. The business has a fifty day simple moving average of $86.83 and a 200 day simple moving average of $77.67. The company has a market capitalization of $25.87 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 0.47 and a beta of 0.83. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $101.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, November 5th. The business services provider reported $3.58 earnings per share for the quarter, hitting the consensus estimate of $3.58. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the business earned $3.26 EPS. The company’s quarterly revenue was up 36.1% compared to the same quarter last year. Research analysts expect that Global Payments Inc. will post 13.65 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Thursday, December 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $1.00 annualized dividend and a yield of 1.0%. Global Payments’s payout ratio is -21.93%.

Global Payments Company Profile

Global Payments Inc is a payment technology and software company that helps businesses accept and manage payments. Its services support in-person, online and mobile transactions, along with point-of-sale systems and software for business operations.

The company also provides technology to financial institutions and other organizations that issue payment cards. Its services include card processing, account management and related digital tools.

Global Payments serves customers across a range of industries and operates internationally, with services available in many countries.