1 week Ago By ABMN Staff
Savant Capital LLC grew its position in shares of Global Payments Inc. ( NYSE:GPN – Free Report ) by 467.2% during the 2nd quarter, according to the company in its most recent filing with the SEC.
The firm owned 36,640 shares of the business services provider’s stock after purchasing an additional 30,180 shares during the quarter. Savant Capital LLC’s holdings in Global Payments were worth $3,543,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors also recently modified their holdings of the company.
New Covenant Trust Company N.A. acquired a new stake in shares of Global Payments during the first quarter worth $31,000.
LRI Investments LLC purchased a new position in shares of Global Payments in the first quarter worth approximately $32,000. POM Investment Strategies LLC purchased a new position in shares of Global Payments in the second quarter worth approximately $32,000. West Paces Advisors Inc.
raised its holdings in shares of Global Payments by 54.5% during the first quarter. West Paces Advisors Inc.
now owns 309 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 109 shares during the period. Finally, North Star Investment Management Corp. lifted its position in shares of Global Payments by 154.
7% in the 1st quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 215 shares in the last quarter.
Institutional investors own 89.76% of the company’s stock. Insider Transactions at Global Payments In other Global Payments news, CAO David M.
Sheffield sold 1,651 shares of the stock in a transaction on Thursday, August 8th. The stock was 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 directly owns 20,531 shares in the company, valued at $2,068,087.63.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 0.98% of the stock is currently owned by insiders.
Global Payments Stock Down 0.9 % Global Payments ( NYSE:GPN – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $2.
93 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.03.
The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.32 billion.
Global Payments had a return on equity of 11.93% and a net margin of 14.26%.
The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.
48 EPS. As a group, sell-side analysts anticipate that Global Payments Inc. will post 11.
07 earnings per share for the current year. Global Payments Announces Dividend The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.
93%. The ex-dividend date of this dividend is Friday, September 13th. Global Payments’s payout ratio is 19.
84%. Analysts Set New Price Targets Several analysts have issued reports on GPN shares. TD Cowen cut their target price on shares of Global Payments from $152.
00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Evercore ISI decreased their price objective on Global Payments from $170.
00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. BNP Paribas upgraded Global Payments to a “strong sell” rating in a report on Wednesday, September 4th.
Mizuho reduced their price target on shares of Global Payments from $129.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, May 15th.
Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th.
Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.96.
View Our Latest Stock Analysis on GPN 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.
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