Public Employees Retirement System of Ohio trimmed its holdings in Global Payments Inc. (NYSE:GPN) by 30.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,840 shares of the business services provider’s stock after selling 54,060 shares during the period. Public Employees Retirement System of Ohio owned about 0.08% of Global Payments worth $11,366,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in GPN. Janus Henderson Group PLC lifted its position in shares of Global Payments by 11,779.8% in the second quarter. Janus Henderson Group PLC now owns 2,292,798 shares of the business services provider’s stock worth $207,086,000 after buying an additional 2,273,498 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Global Payments by 162.0% in the second quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock worth $296,636,000 after buying an additional 2,030,880 shares in the last quarter. Capital International Investors purchased a new stake in shares of Global Payments in the second quarter worth about $173,900,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Global Payments by 2,062.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 758,483 shares of the business services provider’s stock worth $61,195,000 after buying an additional 723,400 shares in the last quarter. Finally, Capital Guardian Trust Co. purchased a new stake in shares of Global Payments in the second quarter worth about $49,793,000. Institutional investors and hedge funds own 97.86% of the company’s stock.
Global Payments Inc. (NYSE:GPN) traded up 1.17% during midday trading on Friday, hitting $101.57. The stock had a trading volume of 1,116,324 shares. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 78.80 and a beta of 1.11. The stock has a 50 day moving average of $96.81 and a 200 day moving average of $91.74. Global Payments Inc. has a 12 month low of $64.63 and a 12 month high of $101.59.
Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The firm had revenue of $847.90 million for the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. Global Payments’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. Analysts expect that Global Payments Inc. will post $3.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is 2.45%.
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In other news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of Global Payments stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $99.82, for a total value of $2,595,320.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $94.20, for a total transaction of $56,520.00. Following the completion of the transaction, the director now directly owns 49,103 shares in the company, valued at approximately $4,625,502.60. The disclosure for this sale can be found here. Insiders have sold a total of 153,549 shares of company stock worth $14,698,521 over the last 90 days. 0.93% of the stock is owned by insiders.
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $100.00 price objective on shares of Global Payments in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $90.00 price objective on shares of Global Payments in a research note on Friday, July 7th. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Thursday, July 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $103.00 target price (up previously from $102.00) on shares of Global Payments in a research note on Friday, August 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $106.00 target price on shares of Global Payments in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $100.32.
Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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