Mutual of America Capital Management LLC Sells 1,541 Shares of Global Payments Inc. (NYSE:GPN)

Mutual of America Capital Management LLC lessened its position in shares of Global Payments Inc. (NYSE:GPN) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 34,873 shares of the business services provider’s stock after selling 1,541 shares during the period. Mutual of America Capital Management LLC’s holdings in Global Payments were worth $4,429,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Penserra Capital Management LLC raised its stake in Global Payments by 6.4% during the first quarter. Penserra Capital Management LLC now owns 1,389 shares of the business services provider’s stock worth $190,000 after buying an additional 83 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in Global Payments by 3.8% in the third quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 91 shares in the last quarter. Fulton Bank N.A. increased its stake in Global Payments by 1.7% in the fourth quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock valued at $687,000 after purchasing an additional 93 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Global Payments by 2.0% in the third quarter. Stratos Wealth Partners LTD. now owns 4,707 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 94 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in Global Payments by 0.7% in the fourth quarter. Wedmont Private Capital now owns 13,740 shares of the business services provider’s stock valued at $1,828,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.5 %

GPN opened at $123.12 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a market cap of $31.40 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 0.79 and a beta of 0.96. Global Payments Inc. has a twelve month low of $95.12 and a twelve month high of $141.77. The company’s 50-day moving average price is $131.42 and its two-hundred day moving average price is $124.16.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 earnings per share. As a group, equities analysts expect that Global Payments Inc. will post 10.94 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, March 14th. Global Payments’s payout ratio is 26.46%.

Analyst Ratings Changes

Several research firms have weighed in on GPN. UBS Group lifted their price target on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Barclays lifted their price target on shares of Global Payments from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of Global Payments from $145.00 to $159.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted 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. Finally, B. Riley lifted their price objective on shares of Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Global Payments currently has a consensus rating of “Moderate Buy” and an average target price of $152.31.

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.