North Star Asset Management Inc. grew its holdings in shares of Global Payments Inc. (NYSE:GPN) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,000 shares of the business services provider’s stock after buying an additional 1,637 shares during the quarter. Global Payments accounts for approximately 1.5% of North Star Asset Management Inc.’s holdings, making the stock its 13th biggest holding. North Star Asset Management Inc. owned approximately 0.12% of Global Payments worth $14,200,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of GPN. Janus Henderson Group PLC raised its holdings 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 during the last quarter. JPMorgan Chase & Co. grew its position in Global Payments by 162.0% during the second quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock valued at $296,636,000 after buying an additional 2,030,880 shares during the period. Capital International Investors acquired a new stake in shares of Global Payments in the second quarter valued at about $173,900,000. Capital Guardian Trust Co. acquired a new stake in shares of Global Payments in the second quarter valued at about $49,793,000. Finally, Vanguard Group Inc. lifted its stake in shares of Global Payments by 3.0% in the second quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock worth $1,373,930,000 after buying an additional 448,864 shares in the last quarter. Institutional investors own 98.10% of the company’s stock.
GPN has been the topic of a number of research analyst reports. Nomura reissued a “sell” rating and issued a $83.00 price target on shares of Global Payments in a research note on Monday, October 16th. Barclays PLC upped their price target on shares of Global Payments from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Morgan Stanley upped their price objective on shares of Global Payments from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Royal Bank of Canada restated an “outperform” rating and set a $108.00 price objective (up previously from $103.00) on shares of Global Payments in a research report on Thursday. Finally, Robert W. Baird reissued a “buy” rating and issued a $106.00 price objective on shares of Global Payments in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $104.56.
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Global Payments Inc. (NYSE:GPN) traded down $0.47 on Friday, hitting $98.85. The stock had a trading volume of 1,142,800 shares, compared to its average volume of 1,123,539. The company has a market capitalization of $15,806.02, a PE ratio of 26.70, a PEG ratio of 1.82 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.20 and a debt-to-equity ratio of 1.27. Global Payments Inc. has a 1-year low of $64.63 and a 1-year high of $104.83.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. analysts anticipate that Global Payments Inc. will post 3.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, December 14th. Global Payments’s dividend payout ratio is currently 2.23%.
In related news, Director William I. Jacobs sold 600 shares of the stock in a transaction dated 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 $4,625,502.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,755 shares of company stock worth $7,535,230. 0.93% of the stock is currently owned by insiders.
Global Payments 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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