Swiss National Bank boosted its position in shares of Global Payments Inc. (NYSE:GPN) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 561,569 shares of the business services provider’s stock after buying an additional 5,200 shares during the period. Swiss National Bank owned 368,266.12% of Global Payments worth $53,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Global Payments by 162.0% during the second quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock worth $296,636,000 after buying an additional 2,030,880 shares during the period. North Star Asset Management Inc. increased its position in Global Payments by 0.9% during the third quarter. North Star Asset Management Inc. now owns 176,000 shares of the business services provider’s stock worth $14,200,000 after buying an additional 1,637 shares during the period. Aviva PLC increased its position in Global Payments by 0.6% during the second quarter. Aviva PLC now owns 93,792 shares of the business services provider’s stock worth $8,472,000 after buying an additional 560 shares during the period. Nationwide Fund Advisors increased its position in Global Payments by 3.5% during the second quarter. Nationwide Fund Advisors now owns 259,572 shares of the business services provider’s stock worth $23,445,000 after buying an additional 8,821 shares during the period. Finally, Shelton Capital Management increased its position in Global Payments by 13.0% during the second quarter. Shelton Capital Management now owns 18,126 shares of the business services provider’s stock worth $1,637,000 after buying an additional 2,086 shares during the period. 97.90% of the stock is currently owned by institutional investors.

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Several research analysts have commented on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $120.00 price target on shares of Global Payments in a research report on Friday. Nomura lifted their target price on Global Payments from $83.00 to $85.00 and gave the company a “reduce” rating in a research note on Thursday, November 9th. Morgan Stanley lifted their target price on Global Payments from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Citigroup Inc. reiterated a “buy” rating and issued a $116.00 target price (up from $107.00) on shares of Global Payments in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 target price (up from $103.00) on shares of Global Payments in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-four have issued a buy rating to the company. Global Payments presently has a consensus rating of “Buy” and an average target price of $104.56.

In other news, Director William I. Jacobs sold 8,428 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $94.05, for a total value of $792,653.40. Following the completion of the sale, the director now owns 40,675 shares of the company’s stock, valued at $3,825,483.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $97.69, for a total value of $58,614.00. Following the completion of the sale, the director now directly owns 46,093 shares of the company’s stock, valued at approximately $4,502,825.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,555 shares of company stock valued at $6,949,062. 0.93% of the stock is owned by company insiders.

Shares of Global Payments Inc. (NYSE GPN) opened at $99.60 on Tuesday. Global Payments Inc. has a 1 year low of $64.63 and a 1 year high of $104.83. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $15,731.23, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. equities research analysts forecast that Global Payments Inc. will post 3.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, December 14th. Global Payments’s dividend payout ratio (DPR) is presently 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.

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

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