Gulf International Bank UK Ltd raised its holdings in shares of Global Payments Inc (NYSE:GPN) by 3.4% in the first quarter, Holdings Channel reports. The firm owned 13,720 shares of the business services provider’s stock after buying an additional 449 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Global Payments were worth $1,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Global Payments by 0.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 12,472 shares of the business services provider’s stock worth $1,286,000 after acquiring an additional 99 shares during the period. Bessemer Group Inc. grew its holdings in shares of Global Payments by 35.7% during the 4th quarter. Bessemer Group Inc. now owns 407 shares of the business services provider’s stock worth $43,000 after acquiring an additional 107 shares during the period. IFP Advisors Inc grew its holdings in shares of Global Payments by 15.6% during the 4th quarter. IFP Advisors Inc now owns 897 shares of the business services provider’s stock worth $92,000 after acquiring an additional 121 shares during the period. Securian Asset Management Inc grew its holdings in shares of Global Payments by 0.8% during the 4th quarter. Securian Asset Management Inc now owns 16,426 shares of the business services provider’s stock worth $1,694,000 after acquiring an additional 123 shares during the period. Finally, JOYN Advisors Inc. grew its holdings in shares of Global Payments by 58.7% during the 4th quarter. JOYN Advisors Inc. now owns 346 shares of the business services provider’s stock worth $36,000 after acquiring an additional 128 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.

Global Payments stock opened at $140.58 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $22.05 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.47 and a beta of 1.20. Global Payments Inc has a twelve month low of $94.81 and a twelve month high of $140.71.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 13th. The business services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.25 by $0.08. Global Payments had a return on equity of 19.11% and a net margin of 13.43%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $1.07 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Global Payments Inc will post 5.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s dividend payout ratio is 0.77%.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $121.49, for a total transaction of $425,215.00. Following the sale, the director now directly owns 68,817 shares in the company, valued at approximately $8,360,577.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Steven Sloan sold 167,545 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $129.59, for a total value of $21,712,156.55. Following the sale, the chief executive officer now owns 579,207 shares in the company, valued at $75,059,435.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 210,329 shares of company stock worth $27,306,584. Company insiders own 0.88% of the company’s stock.

A number of research analysts have weighed in on GPN shares. TheStreet upgraded Global Payments from a “c” rating to a “b-” rating in a report on Wednesday, February 13th. Mizuho upped their target price on Global Payments to $136.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. ValuEngine upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Goldman Sachs Group upgraded Global Payments from a “neutral” rating to a “buy” rating and upped their price target for the stock from $122.00 to $128.00 in a research note on Tuesday, January 8th. Finally, Jefferies Financial Group began coverage on Global Payments in a research note on Thursday, February 28th. They issued a “buy” rating and a $150.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Global Payments currently has an average rating of “Buy” and an average target price of $135.64.

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Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. 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, and online reporting services.

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

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