Integrated Investment Consultants LLC Maintains Position in Global Payments Inc. (NYSE:GPN)
Integrated Investment Consultants LLC maintained its stake in Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,722 shares of the business services provider’s stock at the end of the second quarter. Integrated Investment Consultants LLC’s holdings in Global Payments were worth $426,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Global Payments during the fourth quarter valued at approximately $476,000. Thrivent Financial for Lutherans boosted its stake in Global Payments by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,280 shares of the business services provider’s stock valued at $366,000 after buying an additional 270 shares during the period. River & Mercantile Asset Management LLP purchased a new stake in Global Payments during the fourth quarter valued at approximately $1,204,000. Quadrature Capital Ltd purchased a new stake in Global Payments during the fourth quarter valued at approximately $380,000. Finally, Kentucky Retirement Systems purchased a new stake in Global Payments during the fourth quarter valued at approximately $774,000. 98.70% of the stock is owned by institutional investors.
Shares of Global Payments Inc. (NYSE:GPN) opened at 96.76 on Tuesday. The firm has a 50 day moving average price of $91.38 and a 200 day moving average price of $84.38. The firm has a market cap of $14.75 billion, a P/E ratio of 76.13 and a beta of 1.09. Global Payments Inc. has a 1-year low of $64.63 and a 1-year high of $97.94.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.07. The company had revenue of $847.90 million for the quarter, compared to analysts’ expectations of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Analysts anticipate that Global Payments Inc. will post $3.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 3.07%.
GPN has been the subject of several research reports. Atlantic Securities initiated coverage on Global Payments in a research note on Wednesday, April 12th. They issued an “overweight” rating and a $91.00 target price for the company. Zacks Investment Research cut Global Payments from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $90.00 target price on shares of Global Payments in a research note on Friday, May 5th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Global Payments in a research report on Friday, May 5th. Finally, Credit Suisse Group raised their price target on Global Payments from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the stock. Global Payments currently has an average rating of “Buy” and a consensus target price of $93.09.
In other news, Director Ruth Ann Marshall sold 5,402 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $92.26, for a total transaction of $498,388.52. Following the transaction, the director now owns 41,476 shares of the company’s stock, valued at approximately $3,826,575.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Silberstein sold 600 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $88.09, for a total transaction of $52,854.00. Following the transaction, the director now directly owns 49,093 shares in the company, valued at approximately $4,324,602.37. The disclosure for this sale can be found here. Insiders have sold a total of 30,702 shares of company stock worth $2,847,076 in the last three months. 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.
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