Commerzbank Aktiengesellschaft FI Has $257,000 Holdings in Global Payments Inc. (NYSE:GPN)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 12.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,316 shares of the business services provider’s stock after purchasing an additional 261 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Global Payments were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Global Payments by 65.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after buying an additional 785,539 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Global Payments by 1,559.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider’s stock worth $61,502,000 after buying an additional 515,763 shares during the period. Janus Henderson Group PLC lifted its position in shares of Global Payments by 22.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after buying an additional 490,411 shares during the period. Soros Fund Management LLC bought a new position in shares of Global Payments during the 3rd quarter worth approximately $47,113,000. Finally, Blue Trust Inc. lifted its position in shares of Global Payments by 925.5% during the 4th quarter. Blue Trust Inc. now owns 417,832 shares of the business services provider’s stock worth $42,794,000 after buying an additional 377,087 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Activity at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $116.00 per share, with a total value of $672,800.00. Following the completion of the purchase, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Global Payments Trading Up 0.8 %

GPN stock opened at $100.32 on Thursday. The business has a fifty day moving average of $108.35 and a 200-day moving average of $108.85. The company has a market cap of $24.84 billion, a P/E ratio of 16.23, a PEG ratio of 0.86 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $140.38.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%. As a group, equities research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. Global Payments’s dividend payout ratio is presently 16.18%.

Wall Street Analysts Forecast Growth

GPN has been the subject of several analyst reports. Bank of America cut their target price on 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 raised their target price on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group restated a “neutral” rating and set a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Citigroup cut their price objective on Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley cut their price objective on Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Payments has an average rating of “Moderate Buy” and a consensus price target of $134.33.

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.