Stifel Financial Corp Raises Stake in Global Payments Inc. (GPN)

Stifel Financial Corp lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 29.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 167,462 shares of the business services provider’s stock after purchasing an additional 38,149 shares during the quarter. Stifel Financial Corp owned about 0.11% of Global Payments worth $15,922,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of GPN. Janus Henderson Group PLC grew its holdings in shares of Global Payments by 11,779.8% during 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 period. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 2,030,880 shares during the period. Capital International Investors purchased a new position in Global Payments in the 2nd quarter worth approximately $173,900,000. Capital Guardian Trust Co. purchased a new position in Global Payments in the 2nd quarter worth approximately $49,793,000. Finally, Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 448,864 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

Global Payments Inc. (GPN) opened at $99.19 on Friday. Global Payments Inc. has a 52-week low of $68.98 and a 52-week high of $104.90. The stock has a market capitalization of $15,467.05, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.12. The company 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 EPS. equities research analysts anticipate that Global Payments Inc. will post 3.81 earnings per share for the current year.

The company 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. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, December 14th. Global Payments’s dividend payout ratio is currently 2.23%.

A number of equities analysts have weighed in on GPN shares. Credit Suisse Group restated an “outperform” rating on shares of Global Payments in a report on Tuesday, September 5th. Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Deutsche Bank restated a “buy” rating and issued a $115.00 price target (up previously from $100.00) on shares of Global Payments in a report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and issued a $106.00 price target on shares of Global Payments in a report on Tuesday, September 5th. Finally, Nomura upped their price target on Global Payments from $83.00 to $85.00 and gave the stock a “reduce” rating in a report on Thursday, November 9th. Two investment 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. The company currently has a consensus rating of “Buy” and an average target price of $105.01.

In related news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $98.00, for a total value of $58,800.00. Following the sale, the director now directly owns 40,075 shares in the company, valued at $3,927,350. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,800 shares of company stock worth $3,750,676. Corporate insiders own 0.93% of the company’s stock.

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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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