Commonwealth Equity Services LLC Boosts Position in Global Payments Inc. (NYSE:GPN)
Commonwealth Equity Services LLC raised its stake in shares of Global Payments Inc. (NYSE:GPN) by 30.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,584 shares of the business services provider’s stock after buying an additional 2,937 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Global Payments were worth $2,234,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. San Francisco Sentry Investment Group CA grew its holdings in shares of Global Payments by 9.5% during the third quarter. San Francisco Sentry Investment Group CA now owns 693 shares of the business services provider’s stock worth $123,000 after purchasing an additional 60 shares in the last quarter. NEXT Financial Group Inc grew its holdings in shares of Global Payments by 3.9% during the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the business services provider’s stock worth $336,000 after purchasing an additional 74 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Global Payments by 2.1% during the second quarter. Profund Advisors LLC now owns 4,040 shares of the business services provider’s stock worth $685,000 after purchasing an additional 83 shares in the last quarter. CX Institutional grew its holdings in shares of Global Payments by 98.8% during the second quarter. CX Institutional now owns 169 shares of the business services provider’s stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in shares of Global Payments by 3.9% during the third quarter. Independent Advisor Alliance now owns 2,465 shares of the business services provider’s stock worth $438,000 after purchasing an additional 93 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.
In related news, Director John Thompson Turner sold 1,064 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $190.53, for a total value of $202,723.92. Following the sale, the director now directly owns 4,773 shares of the company’s stock, valued at $909,399.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William I. Jacobs sold 500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $171.46, for a total value of $85,730.00. Following the completion of the sale, the director now directly owns 24,393 shares in the company, valued at $4,182,423.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,288 shares of company stock worth $1,639,512. 0.88% of the stock is owned by insiders.
GPN opened at $190.70 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.13 and a current ratio of 1.13. Global Payments Inc. has a 52-week low of $105.54 and a 52-week high of $209.62. The stock has a market capitalization of $57.08 billion, a PE ratio of 113.51, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. The stock’s 50 day moving average price is $177.00 and its 200-day moving average price is $174.73.
Global Payments (NYSE:GPN) last posted its earnings results on Thursday, October 29th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.05. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Global Payments had a return on equity of 6.46% and a net margin of 6.75%. The business’s revenue was up 73.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. Research analysts forecast that Global Payments Inc. will post 6.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $0.78 annualized dividend and a yield of 0.41%. Global Payments’s payout ratio is 13.31%.
Global Payments Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in North America, Europe, the Asia-Pacific, and Latin America. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions.
Featured Article: How to use beta for portfolio diversification
Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPN).
Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.