Zions Bancorporation bought a new position in shares of Global Payments Inc (NYSE:GPN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,774 shares of the business services provider’s stock, valued at approximately $454,000.
Other hedge funds also recently made changes to their positions in the company. Sun Life Financial INC raised its stake in Global Payments by 15,728.6% in the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after purchasing an additional 1,101 shares in the last quarter. Thompson Davis & CO. Inc. raised its stake in Global Payments by 0.8% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after purchasing an additional 10 shares in the last quarter. Intellectus Partners LLC acquired a new stake in Global Payments in the 2nd quarter worth about $128,000. Commonwealth Bank of Australia raised its stake in Global Payments by 13.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after purchasing an additional 176 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in Global Payments in the 2nd quarter worth about $143,000. 98.97% of the stock is owned by institutional investors and hedge funds.
In related 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 shares were 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 in the company, valued at approximately $16,837,432.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.48, for a total transaction of $60,288.00. Following the transaction, the director now owns 45,493 shares of the company’s stock, valued at $4,571,136.64. 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 owned by corporate insiders.
Global Payments Inc (NYSE:GPN) traded up $0.16 during mid-day trading on Monday, reaching $99.53. 127,581 shares of the company were exchanged, compared to its average volume of 1,119,135. The firm has a market cap of $15,813.98, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. Global Payments Inc has a twelve month low of $68.98 and a twelve month high of $104.90. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. analysts predict that Global Payments Inc will post 3.81 EPS 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 given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio is 2.23%.
GPN has been the subject of several analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of Global Payments in a research note on Tuesday, September 5th. Zacks Investment Research cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Deutsche Bank reiterated a “buy” rating and issued a $115.00 price objective (up previously from $100.00) on shares of Global Payments in a research note on Tuesday, October 10th. Robert W. Baird reiterated a “buy” rating and issued a $106.00 price objective on shares of Global Payments in a research note on Tuesday, September 5th. Finally, Nomura lifted their price objective on shares of Global Payments from $83.00 to $85.00 and gave the stock a “reduce” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. Global Payments has an average rating of “Buy” and an average target price of $105.01.
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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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