Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Global Payments Inc. (NYSE:GPN) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,190 shares of the business services provider’s stock after acquiring an additional 2,789 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Global Payments were worth $3,534,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of GPN. Vanguard Group Inc. boosted 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 acquiring an additional 448,864 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Global Payments by 162.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock valued at $296,636,000 after purchasing an additional 2,030,880 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Global Payments by 11,779.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,292,798 shares of the business services provider’s stock valued at $207,086,000 after purchasing an additional 2,273,498 shares during the last quarter. Capital International Investors purchased a new position in shares of Global Payments during the 2nd quarter worth approximately $173,900,000. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Global Payments by 0.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,836,396 shares of the business services provider’s stock worth $174,513,000 after acquiring an additional 16,898 shares during the period. 98.97% of the stock is currently owned by hedge funds and other institutional investors.
Global Payments Inc. (NYSE:GPN) traded down $4.79 during trading on Monday, hitting $95.96. 2,119,253 shares of the company were exchanged, compared to its average volume of 1,119,859. Global Payments Inc. has a 52 week low of $68.53 and a 52 week high of $104.90. The firm has a market cap of $16,033.60, a P/E ratio of 27.08, a PEG ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27.
Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. Global Payments’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. analysts anticipate that Global Payments Inc. will post 3.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 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 presently 2.23%.
In other news, Director Robert H. B. Baldwin, Jr. sold 8,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $97.61, for a total transaction of $800,402.00. Following the sale, the director now directly owns 172,497 shares of the company’s stock, valued at approximately $16,837,432.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $98.00, for a total value of $58,800.00. Following the completion of the transaction, the director now directly owns 40,075 shares in the company, valued at approximately $3,927,350. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,800 shares of company stock valued at $3,750,676. 0.93% of the stock is currently owned by corporate insiders.
Several research analysts recently weighed in on GPN shares. BidaskClub lowered Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Global Payments in a report on Tuesday, September 5th. Robert W. Baird restated a “buy” rating and set a $106.00 price target on shares of Global Payments in a report on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $103.00 target price on shares of Global Payments in a research note on Wednesday, September 6th. Finally, Cowen reissued a “buy” rating and issued a $102.00 target price on shares of Global Payments in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $105.01.
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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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