Global Payments Inc. $GPN Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. increased its position in Global Payments Inc. (NYSE:GPN) by 8.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,045 shares of the business services provider’s stock after acquiring an additional 383 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Global Payments were worth $404,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC increased its position in Global Payments by 3.8% during the first quarter. Perigon Wealth Management LLC now owns 3,932 shares of the business services provider’s stock worth $385,000 after purchasing an additional 144 shares during the last quarter. Transcend Capital Advisors LLC increased its position in Global Payments by 7.9% during the first quarter. Transcend Capital Advisors LLC now owns 2,135 shares of the business services provider’s stock worth $209,000 after purchasing an additional 157 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Global Payments by 5.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider’s stock worth $242,000 after purchasing an additional 158 shares during the last quarter. Pinnacle Associates Ltd. increased its position in Global Payments by 4.1% during the first quarter. Pinnacle Associates Ltd. now owns 4,342 shares of the business services provider’s stock worth $425,000 after purchasing an additional 171 shares during the last quarter. Finally, WESCAP Management Group Inc. increased its position in shares of Global Payments by 2.5% in the first quarter. WESCAP Management Group Inc. now owns 7,102 shares of the business services provider’s stock worth $695,000 after acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Activity at Global Payments

In other news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of Global Payments stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $86.00, for a total value of $172,000.00. Following the completion of the transaction, the general counsel directly owned 30,713 shares of the company’s stock, valued at approximately $2,641,318. The trade was a 6.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.01% of the company’s stock.

Global Payments Trading Up 1.8%

NYSE GPN opened at $88.00 on Friday. Global Payments Inc. has a one year low of $65.93 and a one year high of $120.00. The company has a 50-day simple moving average of $85.37 and a 200-day simple moving average of $82.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $21.35 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.84 and a beta of 0.98.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $3.06 by $0.04. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted $2.93 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments’s payout ratio is 17.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GPN shares. Evercore ISI raised their price target on shares of Global Payments from $85.00 to $90.00 and gave the company an “in-line” rating in a report on Friday, August 8th. KeyCorp reissued an “overweight” rating and set a $100.00 price objective (up from $90.00) on shares of Global Payments in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Payments in a report on Saturday, September 27th. Truist Financial raised their price objective on shares of Global Payments from $79.00 to $83.00 and gave the stock a “hold” rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $103.75.

Global Payments Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.