2 weeks Ago By Defense World Staff
Bokf Na boosted its position in shares of Global Payments Inc. ( NYSE:GPN – Free Report ) by 690.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 1,202 shares of the business services provider’s stock after buying an additional 1,050 shares during the quarter. Bokf Na’s holdings in Global Payments were worth $116,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPN.
Pzena Investment Management LLC grew its position in shares of Global Payments by 194.2% in the second quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider’s stock valued at $621,149,000 after purchasing an additional 4,240,388 shares during the period.
Norges Bank acquired a new stake in shares of Global Payments in the fourth quarter valued at about $365,933,000. Kodai Capital Management LP acquired a new stake in shares of Global Payments in the fourth quarter valued at about $69,029,000. Natixis grew its position in shares of Global Payments by 830.
2% in the first quarter. Natixis now owns 589,520 shares of the business services provider’s stock valued at $78,795,000 after purchasing an additional 526,143 shares during the period. Finally, Lord Abbett & CO.
LLC grew its position in shares of Global Payments by 267.0% in the first quarter. Lord Abbett & CO.
LLC now owns 677,854 shares of the business services provider’s stock valued at $90,602,000 after purchasing an additional 493,164 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.
Analyst Upgrades and Downgrades Several analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Global Payments to a “strong sell” rating in a research report on Wednesday, September 4th. BMO Capital Markets raised their price target on shares of Global Payments from $124.
00 to $126.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Stephens decreased their price target on shares of Global Payments from $145.
00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Susquehanna reissued a “positive” rating and issued a $147.
00 price target on shares of Global Payments in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Global Payments from $150.00 to $140.
00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.96. Global Payments Trading Up 0.
9 % Shares of GPN stock opened at $112.07 on Wednesday. The company has a debt-to-equity ratio of 0.
68, a quick ratio of 0.92 and a current ratio of 0.92.
The stock has a market capitalization of $28.61 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 0.
70 and a beta of 0.98. The company has a 50 day moving average price of $104.
60 and a 200 day moving average price of $110.36. Global Payments Inc.
has a fifty-two week low of $91.60 and a fifty-two week high of $141.77.
Global Payments ( NYSE:GPN – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.
90 by $0.03. Global Payments had a net margin of 14.
26% and a return on equity of 11.93%. The company had revenue of $2.
57 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business posted $2.
48 EPS. The firm’s revenue was up 4.7% on a year-over-year basis.
Equities research analysts predict that Global Payments Inc. will post 11.07 EPS for the current fiscal year.
Global Payments Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.25 per share.
This represents a $1.00 annualized dividend and a yield of 0.89%.
The ex-dividend date of this dividend is Friday, September 13th. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.
Insiders Place Their Bets In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $100.
73, for a total transaction of $166,305.23. Following the completion of the transaction, the chief accounting officer now owns 20,531 shares in the company, valued at approximately $2,068,087.
63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . 0.
98% of the stock is currently owned by company insiders. Global Payments Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Global Payments Election Stocks: How Elections Affect the Stock Market Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Stock Analyst Ratings and Canadian Analyst Ratings Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge The Top 3 Healthcare Dividend Stocks to Buy and Hold Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker 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 – Free Report ). Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter .
.
