BB&T Securities LLC Has $446,000 Position in Global Payments Inc (GPN)
BB&T Securities LLC increased its position in Global Payments Inc (NYSE:GPN) by 12.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,703 shares of the business services provider’s stock after buying an additional 522 shares during the quarter. BB&T Securities LLC’s holdings in Global Payments were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of GPN. Schwab Charles Investment Management Inc. boosted its holdings in Global Payments by 2.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 507,013 shares of the business services provider’s stock valued at $48,182,000 after acquiring an additional 12,846 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Global Payments by 36.7% in the third quarter. WINTON GROUP Ltd now owns 3,031 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 814 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Global Payments in the third quarter valued at $209,000. Wells Fargo & Company MN boosted its holdings in Global Payments by 9.3% in the third quarter. Wells Fargo & Company MN now owns 1,679,426 shares of the business services provider’s stock valued at $159,596,000 after acquiring an additional 142,950 shares in the last quarter. Finally, Zeke Capital Advisors LLC bought a new stake in Global Payments in the third quarter valued at $215,000. 98.97% of the stock is currently owned by institutional investors.
In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $100.48, for a total value of $60,288.00. Following the completion of the transaction, the director now directly owns 45,493 shares of the company’s stock, valued at approximately $4,571,136.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,800 shares of company stock valued at $3,750,676. 0.93% of the stock is owned by insiders.
Global Payments Inc (NYSE:GPN) traded up $0.16 on Monday, hitting $99.53. The stock had a trading volume of 127,581 shares, compared to its average volume of 1,119,135. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The stock has a market cap of $15,813.98, a price-to-earnings ratio of 26.71, a PEG ratio of 1.83 and a beta of 1.11. Global Payments Inc has a 12-month low of $68.98 and a 12-month high of $104.90.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. The firm had revenue of $1.04 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. equities analysts anticipate that Global Payments Inc will post 3.81 EPS for the current fiscal 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 given a $0.01 dividend. 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 presently 2.23%.
Several analysts recently weighed in on GPN shares. Bank of America started coverage on shares of Global Payments in a report on Tuesday, September 12th. They issued a “buy” rating and a $110.00 price target on the stock. Cowen reiterated a “buy” rating and issued a $102.00 price target on shares of Global Payments in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $103.00 price target on shares of Global Payments in a report on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating and issued a $106.00 price target on shares of Global Payments in a report on Tuesday, September 5th. Finally, Buckingham Research started coverage on shares of Global Payments in a report on Monday, October 2nd. They issued a “buy” rating and a $113.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock 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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