Mitsubishi UFJ Trust & Banking Corp Sells 1,457 Shares of Global Payments Inc (NYSE:GPN)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Global Payments Inc (NYSE:GPN) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 317,101 shares of the business services provider’s stock after selling 1,457 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.21% of Global Payments worth $28,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC raised its position in shares of Global Payments by 86.6% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 2,004 shares of the business services provider’s stock worth $162,000 after purchasing an additional 930 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Global Payments by 84.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,033 shares of the business services provider’s stock worth $164,000 after purchasing an additional 933 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Global Payments during the 1st quarter worth approximately $200,000. Lakeview Capital Partners LLC acquired a new position in shares of Global Payments during the 2nd quarter worth approximately $200,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Global Payments during the 1st quarter worth approximately $203,000. 97.87% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on GPN shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Global Payments in a research report on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $90.00 price objective on shares of Global Payments in a research report on Friday, July 7th. Mizuho assumed coverage on shares of Global Payments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $105.00 price objective for the company. Zacks Investment Research cut shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Finally, Robert W. Baird restated a “buy” rating and issued a $106.00 target price on shares of Global Payments in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the company. Global Payments currently has an average rating of “Buy” and an average price target of $97.75.

In other news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $98.00, for a total transaction of $58,800.00. Following the sale, the director now directly owns 40,075 shares in the company, valued at $3,927,350. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider David E. Mangum sold 75,794 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $94.51, for a total value of $7,163,290.94. Following the sale, the insider now owns 112,930 shares in the company, valued at $10,673,014.30. The disclosure for this sale can be found here. Insiders have sold a total of 141,749 shares of company stock worth $13,416,603 over the last ninety days. Insiders own 0.93% of the company’s stock.

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Global Payments Inc (NYSE GPN) traded up 0.55% during midday trading on Friday, reaching $97.56. 1,334,096 shares of the company’s stock were exchanged. Global Payments Inc has a 1-year low of $64.63 and a 1-year high of $98.14. The firm’s 50-day moving average is $95.24 and its 200 day moving average is $88.12. The stock has a market cap of $14.88 billion, a P/E ratio of 75.69 and a beta of 1.11.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.87 by $0.07. Global Payments had a net margin of 7.53% and a return on equity of 9.62%. The company had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts anticipate that Global Payments Inc will post $3.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued 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 of this dividend is Thursday, September 14th. Global Payments’s dividend payout ratio is 2.45%.

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.

Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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