Global Payments Inc. (GPN) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lessened its holdings in shares of Global Payments Inc. (NYSE:GPN) by 51.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 461,388 shares of the business services provider’s stock after selling 488,258 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 0.30% of Global Payments worth $43,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Stephens Investment Management Group LLC lifted its position in shares of Global Payments by 97.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 39,111 shares of the business services provider’s stock worth $3,717,000 after purchasing an additional 19,275 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Global Payments by 127.7% during the 3rd quarter. Stephens Inc. AR now owns 3,602 shares of the business services provider’s stock worth $342,000 after purchasing an additional 2,020 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Global Payments by 332.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 14,197 shares of the business services provider’s stock worth $1,349,000 after purchasing an additional 10,914 shares during the last quarter. Columbus Circle Investors lifted its position in shares of Global Payments by 22.0% during the 3rd quarter. Columbus Circle Investors now owns 218,927 shares of the business services provider’s stock worth $20,805,000 after purchasing an additional 39,425 shares during the last quarter. Finally, Cipher Capital LP lifted its position in shares of Global Payments by 19.9% during the 3rd quarter. Cipher Capital LP now owns 8,283 shares of the business services provider’s stock worth $787,000 after purchasing an additional 1,376 shares during the last quarter. 91.13% of the stock is owned by institutional investors and hedge funds.

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In related news, Director William I. Jacobs sold 600 shares of the stock in a transaction that occurred on 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 approximately $3,927,350. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,200 shares of company stock worth $3,690,388. 0.93% of the stock is owned by corporate insiders.

Global Payments Inc. (NYSE:GPN) traded up $2.13 during midday trading on Wednesday, reaching $103.21. The company had a trading volume of 1,017,400 shares, compared to its average volume of 1,118,673. The company has a market cap of $16,330.00, a price-to-earnings ratio of 27.17, a PEG ratio of 1.86 and a beta of 1.14. Global Payments Inc. has a 1-year low of $65.91 and a 1-year high of $104.83. 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 results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. Global Payments’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. research analysts anticipate that Global Payments Inc. will post 3.81 earnings per share for the current year.

The firm also recently declared 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. The ex-dividend date is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 2.27%.

Several equities analysts recently weighed in on GPN shares. Credit Suisse Group reissued an “outperform” rating on shares of Global Payments in a research report on Tuesday, September 5th. Deutsche Bank AG reissued a “buy” rating and set a $115.00 price objective (up previously from $100.00) on shares of Global Payments in a research report on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating and set a $106.00 price objective on shares of Global Payments in a research report on Tuesday, September 5th. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, October 11th. Finally, Barclays PLC boosted their price objective on Global Payments from $105.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Global Payments currently has an average rating of “Buy” and an average price target of $105.01.

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

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