Morgan Dempsey Capital Management LLC lowered its position in Global Payments Inc. (NYSE:GPN) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,938 shares of the business services provider’s stock after selling 66 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Global Payments were worth $175,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. raised its position in Global Payments by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,099 shares of the business services provider’s stock valued at $309,000 after buying an additional 185 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Global Payments by 36.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 9,645 shares of the business services provider’s stock valued at $778,000 after buying an additional 2,597 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Global Payments during the first quarter valued at about $409,000. DnB Asset Management AS raised its position in Global Payments by 24.4% in the first quarter. DnB Asset Management AS now owns 16,800 shares of the business services provider’s stock valued at $1,355,000 after buying an additional 3,300 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Global Payments during the first quarter valued at about $231,000. Institutional investors and hedge funds own 98.70% of the company’s stock.

Shares of Global Payments Inc. (NYSE GPN) opened at 93.64 on Friday. Global Payments Inc. has a 12 month low of $64.63 and a 12 month high of $97.99. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of 72.65 and a beta of 1.09. The stock’s 50 day moving average price is $92.59 and its 200 day moving average price is $85.12.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The company had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts predict that Global Payments Inc. will post $3.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s dividend payout ratio (DPR) is 3.07%.

WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/global-payments-inc-nysegpn-shares-sold-by-morgan-dempsey-capital-management-llc/1473524.html.

Several research firms recently issued reports on GPN. Stifel Nicolaus reissued a “buy” rating and set a $103.00 target price (up previously from $102.00) on shares of Global Payments in a research note on Friday, August 4th. Wells Fargo & Company raised Global Payments from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $110.00 in a research note on Friday, August 4th. Compass Point lowered Global Payments from a “buy” rating to a “neutral” rating and increased their target price for the stock from $95.72 to $96.00 in a research note on Friday, August 4th. Barclays PLC increased their target price on Global Payments from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada decreased their target price on Global Payments from $103.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company. Global Payments currently has a consensus rating of “Buy” and an average price target of $94.58.

In related news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $87.72, for a total value of $52,632.00. Following the transaction, the director now owns 42,475 shares in the company, valued at $3,725,907. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the transaction, the director now owns 183,177 shares in the company, valued at approximately $17,401,815. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,702 shares of company stock worth $2,847,076. Insiders own 0.93% of the company’s stock.

Global Payments Company Profile

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.

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).

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

Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.