Profund Advisors LLC raised its stake in Global Payments Inc. (NYSE:GPN) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,846 shares of the business services provider’s stock after buying an additional 2 shares during the quarter. Profund Advisors LLC’s holdings in Global Payments were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GPN. Thompson Davis & CO. Inc. lifted its stake in Global Payments by 0.8% in the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after buying an additional 10 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Global Payments by 13.6% in the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after buying an additional 176 shares during the last quarter. Stephens Inc. AR bought a new stake in Global Payments in the second quarter valued at $143,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Global Payments by 84.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,033 shares of the business services provider’s stock valued at $164,000 after buying an additional 933 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Global Payments by 28.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock valued at $164,000 after buying an additional 400 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

A number of research firms have issued reports on GPN. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 target price (up from $102.00) on shares of Global Payments in a research note on Friday, August 4th. J P Morgan Chase & Co raised their target price on Global Payments from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, September 12th. Bank of America Corporation began coverage on Global Payments in a research note on Tuesday, September 12th. They issued a “buy” rating and a $110.00 target price on the stock. Cowen and Company reiterated a “buy” rating and issued a $102.00 target price on shares of Global Payments in a research note on Friday, September 8th. Finally, William Blair reiterated an “ourperform” rating on shares of Global Payments in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $99.59.

Global Payments Inc. (NYSE:GPN) opened at 96.95 on Friday. The company has a 50-day moving average price of $95.51 and a 200-day moving average price of $89.84. Global Payments Inc. has a 52 week low of $64.63 and a 52 week high of $98.14. The stock has a market cap of $14.78 billion, a PE ratio of 75.21 and a beta of 1.11.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, beating the 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 firm had revenue of $847.90 million for the quarter, compared to analyst estimates of $837.76 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts anticipate that Global Payments Inc. will post $3.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Thursday, September 14th. Global Payments’s payout ratio is 2.45%.

In other Global Payments news, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $98.00, for a total value of $58,800.00. Following the transaction, the director now owns 40,075 shares of the company’s stock, valued at $3,927,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert H. B. Baldwin, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were 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 directly owns 183,177 shares in the company, valued at approximately $17,401,815. The disclosure for this sale can be found here. Insiders sold 141,749 shares of company stock worth $13,421,277 in the last three months. Insiders own 0.93% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/profund-advisors-llc-buys-2-shares-of-global-payments-inc-gpn/1614583.html.

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.

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.