BNP Paribas Arbitrage SA increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,509 shares of the business services provider’s stock after buying an additional 10,830 shares during the period. BNP Paribas Arbitrage SA owned about 0.09% of Global Payments worth $12,497,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sun Life Financial INC increased its stake in Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares during the period. Thompson Davis & CO. Inc. increased its stake in Global Payments by 0.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after buying an additional 10 shares during the period. Intellectus Partners LLC purchased a new stake in Global Payments during the 2nd quarter worth approximately $128,000. Commonwealth Bank of Australia increased its stake in Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares during the period. Finally, Stephens Inc. AR purchased a new stake in Global Payments during the 2nd quarter worth approximately $143,000. 97.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Global Payments Inc. (GPN) opened at $99.60 on Tuesday. The firm has a market cap of $15,731.23, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.81 and a beta of 1.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Global Payments Inc. has a 52 week low of $64.63 and a 52 week high of $104.83.
Global Payments (NYSE:GPN) last released its earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $917.31 million. During the same quarter last year, the business earned $0.89 EPS. The business’s revenue was up 9.1% on a year-over-year basis. analysts forecast that Global Payments Inc. will post 3.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 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, December 14th. Global Payments’s dividend payout ratio (DPR) is presently 2.23%.
In other news, Director William I. Jacobs sold 8,428 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were 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 in the company, valued at approximately $3,825,483.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $97.69, for a total transaction of $58,614.00. Following the completion of the sale, the director now 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. Insiders sold a total of 71,555 shares of company stock valued at $6,949,062 in the last 90 days. Company insiders own 0.93% of the company’s stock.
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GPN has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. William Blair reissued an “outperform” rating on shares of Global Payments in a research report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $100.00 price objective on shares of Global Payments in a research report on Thursday, August 3rd. Royal Bank Of Canada dropped their price objective on shares of Global Payments from $103.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Barclays PLC increased their price objective on shares of Global Payments from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $104.56.
Global Payments 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.
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