Bronfman E.L. Rothschild L.P. trimmed its holdings in Global Payments Inc (NYSE:GPN) by 22.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,940 shares of the business services provider’s stock after selling 1,435 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Global Payments were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GPN. Renaissance Technologies LLC raised its stake in shares of Global Payments by 116.7% in the third quarter. Renaissance Technologies LLC now owns 220,245 shares of the business services provider’s stock valued at $28,059,000 after purchasing an additional 118,600 shares in the last quarter. Axiom International Investors LLC DE raised its stake in shares of Global Payments by 0.7% in the third quarter. Axiom International Investors LLC DE now owns 436,802 shares of the business services provider’s stock valued at $55,649,000 after purchasing an additional 3,098 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Global Payments by 0.4% in the third quarter. William Blair Investment Management LLC now owns 616,968 shares of the business services provider’s stock valued at $78,601,000 after purchasing an additional 2,252 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Global Payments by 1.3% in the third quarter. Hsbc Holdings PLC now owns 85,682 shares of the business services provider’s stock valued at $10,913,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Standard Life Aberdeen plc raised its stake in Global Payments by 12.8% during the third quarter. Standard Life Aberdeen plc now owns 40,965 shares of the business services provider’s stock worth $5,219,000 after acquiring an additional 4,647 shares in the last quarter. 97.43% of the stock is owned by institutional investors.

In other news, insider Cameron M. Bready sold 57,737 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $127.78, for a total value of $7,377,633.86. Following the completion of the sale, the insider now directly owns 189,083 shares in the company, valued at $24,161,025.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Lawrence Green sold 9,212 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $128.17, for a total value of $1,180,702.04. Following the completion of the sale, the executive vice president now owns 63,083 shares of the company’s stock, valued at $8,085,348.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,899 shares of company stock valued at $9,528,952. 0.98% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on GPN. ValuEngine lowered Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. BMO Capital Markets increased their price objective on Global Payments from $139.00 to $146.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Barclays began coverage on Global Payments in a research note on Wednesday, November 14th. They set an “overweight” rating and a $136.00 price objective for the company. Finally, Wedbush increased their price objective on Global Payments from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.30.

Shares of NYSE:GPN opened at $106.99 on Thursday. Global Payments Inc has a twelve month low of $95.37 and a twelve month high of $129.25. The firm has a market capitalization of $16.93 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, October 30th. The business services provider reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.05. Global Payments had a return on equity of 18.38% and a net margin of 17.48%. The company had revenue of $857.70 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was down 17.4% compared to the same quarter last year. Equities analysts anticipate that Global Payments Inc will post 4.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 1.00%.

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Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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

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