UMB Bank n.a. Has $149,000 Stock Holdings in Global Payments Inc. (NYSE:GPN)

UMB Bank n.a. lessened its position in shares of Global Payments Inc. (NYSE:GPN) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,172 shares of the business services provider’s stock after selling 81 shares during the quarter. UMB Bank n.a.’s holdings in Global Payments were worth $149,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GPN. FMR LLC lifted its stake in shares of Global Payments by 40.7% during the third quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock valued at $1,078,525,000 after acquiring an additional 2,703,434 shares during the period. Norges Bank bought a new stake in Global Payments in the fourth quarter valued at about $261,300,000. Ameriprise Financial Inc. increased its holdings in Global Payments by 338.3% in the third quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider’s stock valued at $379,416,000 after purchasing an additional 2,537,941 shares during the last quarter. Pzena Investment Management LLC bought a new stake in Global Payments in the third quarter valued at about $197,875,000. Finally, Boston Partners increased its holdings in Global Payments by 40.5% in the third quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock valued at $591,613,000 after purchasing an additional 1,481,714 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analysts Set New Price Targets

GPN has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. KeyCorp upped their price objective on Global Payments from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Robert W. Baird increased their price target on Global Payments from $162.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Evercore ISI lowered their price target on Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price target on Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Global Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.92.

Global Payments Stock Performance

Shares of NYSE GPN opened at $125.92 on Friday. The stock has a 50 day moving average price of $132.62 and a 200 day moving average price of $123.83. Global Payments Inc. has a 52 week low of $95.12 and a 52 week high of $141.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $32.12 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96.

Global Payments (NYSE:GPN) last issued its quarterly earnings results 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. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the firm posted $2.30 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. Global Payments’s payout ratio is 26.46%.

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.