2,479 Shares in Global Payments Inc (GPN) Acquired by GSA Capital Partners LLP
GSA Capital Partners LLP bought a new position in shares of Global Payments Inc (NYSE:GPN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,479 shares of the business services provider’s stock, valued at approximately $236,000.
Several other institutional investors have also modified their holdings of the stock. Keybank National Association OH raised its holdings in shares of Global Payments by 1.5% during the second quarter. Keybank National Association OH now owns 3,792 shares of the business services provider’s stock worth $342,000 after purchasing an additional 56 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Global Payments by 1.5% during the second quarter. Raymond James Trust N.A. now owns 4,302 shares of the business services provider’s stock worth $388,000 after purchasing an additional 62 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Global Payments by 0.4% during the second quarter. Ameritas Investment Partners Inc. now owns 17,368 shares of the business services provider’s stock worth $1,567,000 after purchasing an additional 65 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Global Payments by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 25,299 shares of the business services provider’s stock valued at $2,285,000 after buying an additional 103 shares during the period. Finally, Commonwealth Bank of Australia grew its position in Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after buying an additional 176 shares during the period. 98.90% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on GPN shares. Nomura restated a “sell” rating and set a $83.00 price target on shares of Global Payments in a research report on Monday, October 16th. Morgan Stanley raised their price target on shares of Global Payments from $98.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Royal Bank of Canada restated an “outperform” rating and set a $108.00 price target (up previously from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BMO Capital Markets raised their price target on shares of Global Payments from $103.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $107.79.
In other news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $97.69, for a total value of $58,614.00. Following the sale, the director now owns 46,093 shares in the company, valued at $4,502,825.17. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 3,000 shares of company stock worth $299,082. Company insiders own 0.93% of the company’s stock.
Shares of Global Payments Inc (NYSE:GPN) opened at $104.00 on Friday. Global Payments Inc has a 52-week low of $75.88 and a 52-week high of $106.52. The stock has a market cap of $16,550.00, a PE ratio of 59.09, a PEG ratio of 1.60 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 Thomson Reuters’ consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same quarter last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. sell-side analysts forecast that Global Payments Inc will post 3.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is 2.27%.
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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