Dixon Hubard Feinour & Brown Inc. VA decreased its stake in shares of Global Payments Inc. (NYSE:GPN) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,305 shares of the business services provider’s stock after selling 1,120 shares during the quarter. Global Payments comprises 1.6% of Dixon Hubard Feinour & Brown Inc. VA’s holdings, making the stock its 22nd largest position. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Global Payments were worth $5,446,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in 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 valued at $1,373,930,000 after purchasing an additional 448,864 shares during the period. JPMorgan Chase & Co. raised its position in 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 valued at $296,636,000 after purchasing an additional 2,030,880 shares during the period. Janus Henderson Group PLC raised its position in 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 valued at $207,086,000 after purchasing an additional 2,273,498 shares during the period. Capital International Investors purchased a new stake in Global Payments in the second quarter valued at $173,900,000. Finally, Frontier Capital Management Co. LLC raised its position in Global Payments by 0.9% in the third quarter. Frontier Capital Management Co. LLC now owns 1,836,396 shares of the business services provider’s stock valued at $174,513,000 after purchasing an additional 16,898 shares during the period. Hedge funds and other institutional investors own 98.97% of the company’s stock.
A number of equities research analysts have commented on GPN shares. BidaskClub downgraded Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Credit Suisse Group restated an “outperform” rating on shares of Global Payments in a research report on Tuesday, September 5th. Robert W. Baird restated a “buy” rating and issued a $106.00 target price on shares of Global Payments in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “buy” rating and issued a $103.00 target price on shares of Global Payments in a research report on Wednesday, September 6th. Finally, Cowen restated a “buy” rating and issued a $102.00 target price on shares of Global Payments in a research report 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.01.
In related news, Director Robert H. B. Baldwin, Jr. sold 8,200 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 172,497 shares of the company’s stock, valued at approximately $16,837,432.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $100.48, for a total value of $60,288.00. Following the transaction, the director now directly owns 45,493 shares of the company’s stock, valued at $4,571,136.64. The disclosure for this sale can be found here. Insiders have sold a total of 37,800 shares of company stock valued at $3,750,676 over the last three months. 0.93% of the stock is currently owned by insiders.
Shares of Global Payments Inc. (GPN) opened at $99.19 on Friday. Global Payments Inc. has a one year low of $68.98 and a one year high of $104.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $15,377.93, a price-to-earnings ratio of 25.98, a PEG ratio of 1.78 and a beta of 1.11.
Global Payments (NYSE:GPN) last released its earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $917.31 million. During the same period in the previous year, the firm posted $0.89 EPS. Global Payments’s revenue for the quarter was up 9.1% on a year-over-year basis. sell-side analysts predict that Global Payments Inc. will post 3.81 EPS for the current fiscal year.
The business also recently announced 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 of this dividend is Thursday, December 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s payout ratio is 2.23%.
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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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