Dupont Capital Management Corp Sells 820 Shares of Global Payments Inc. (GPN)
Dupont Capital Management Corp reduced its stake in shares of Global Payments Inc. (NYSE:GPN) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,139 shares of the business services provider’s stock after selling 820 shares during the quarter. Dupont Capital Management Corp’s holdings in Global Payments were worth $583,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of GPN. Sun Life Financial INC grew its stake in Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in Global Payments by 0.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after buying an additional 10 shares during the last quarter. Intellectus Partners LLC bought a new position in Global Payments during the 2nd quarter worth $128,000. Commonwealth Bank of Australia grew its stake in Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in Global Payments during the 2nd quarter worth $143,000. Hedge funds and other institutional investors own 98.10% of the company’s stock.
GPN has been the subject of a number of analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of Global Payments in a research report on Tuesday, September 5th. Deutsche Bank AG reiterated a “buy” rating and set a $115.00 price target (up previously from $100.00) on shares of Global Payments in a research report on Tuesday, October 10th. Robert W. Baird reiterated a “buy” rating and set a $106.00 price target on shares of Global Payments in a research report on Tuesday, September 5th. Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Wednesday, October 11th. Finally, Barclays PLC boosted their price target on Global Payments from $105.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. Global Payments currently has an average rating of “Buy” and an average price target of $104.56.
In related news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $97.69, for a total transaction of $58,614.00. Following the transaction, the director now directly owns 46,093 shares of the company’s stock, valued at $4,502,825.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William I. Jacobs sold 8,428 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $94.05, for a total value of $792,653.40. Following the transaction, the director now directly owns 40,675 shares in the company, valued at $3,825,483.75. The disclosure for this sale can be found here. Insiders have sold 77,755 shares of company stock worth $7,535,230 over the last three months. 0.93% of the stock is owned by insiders.
Global Payments Inc. (NYSE:GPN) opened at $98.85 on Friday. The firm has a market capitalization of $15,731.19, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.81 and a beta of 1.14. Global Payments Inc. has a 52-week low of $64.63 and a 52-week high of $104.83. The company has a current ratio of 1.14, a quick ratio of 1.20 and a debt-to-equity ratio of 1.27.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.12. The firm 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 previous year, the firm earned $0.89 earnings per share. equities analysts predict that Global Payments Inc. will post 3.75 EPS for the current fiscal year.
The firm 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 yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s payout ratio is 2.23%.
About Global Payments
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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