Andra AP fonden raised its stake in Global Payments Inc. (NYSE:GPN) by 76.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,300 shares of the business services provider’s stock after purchasing an additional 7,900 shares during the period. Andra AP fonden’s holdings in Global Payments were worth $1,739,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GPN. Janus Henderson Group PLC increased its position 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 worth $207,086,000 after purchasing an additional 2,273,498 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 worth $296,636,000 after purchasing an additional 2,030,880 shares during the last quarter. Capital International Investors bought a new stake in shares of Global Payments in the 2nd quarter worth about $173,900,000. Capital Guardian Trust Co. bought a new stake in shares of Global Payments in the 2nd quarter worth about $49,793,000. Finally, Vanguard Group Inc. increased its position in shares of Global Payments by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock worth $1,373,930,000 after purchasing an additional 448,864 shares during the last quarter. 97.90% of the stock is owned by institutional investors.
In other news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $93.74, for a total value of $56,244.00. Following the completion of the sale, the director now directly owns 47,293 shares of the company’s stock, valued at approximately $4,433,245.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total transaction of $2,595,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,155 shares of company stock valued at $7,478,710. Company insiders own 0.93% of the company’s stock.
Shares of Global Payments Inc. (NYSE GPN) opened at $98.85 on Monday. The firm has a market cap of $15,731.23, a P/E ratio of 26.57, a PEG ratio of 1.81 and a beta of 1.14. Global Payments Inc. has a one year low of $64.63 and a one year high of $104.83. 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 issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.12. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. research analysts anticipate that Global Payments Inc. will post 3.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio is currently 2.23%.
Several equities research analysts have recently weighed in on GPN shares. Piper Jaffray Companies boosted their target price on shares of Global Payments to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Robert W. Baird boosted their target price on shares of Global Payments from $106.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Nomura reissued a “sell” rating and issued a $83.00 target price on shares of Global Payments in a research report on Monday, October 16th. Morgan Stanley boosted their target price 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 target price (up previously from $103.00) on shares of Global Payments in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Global Payments has a consensus rating of “Buy” and an average target price of $104.56.
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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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