First Manhattan Co. held its stake in shares of Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,000 shares of the business services provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Global Payments were worth $180,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GPN. S&CO Inc. increased its stake in shares of Global Payments by 53.1% in the second quarter. S&CO Inc. now owns 6,372 shares of the business services provider’s stock valued at $576,000 after buying an additional 2,210 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of Global Payments by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 17,455 shares of the business services provider’s stock worth $1,577,000 after buying an additional 96 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of Global Payments by 0.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 20,975 shares of the business services provider’s stock worth $1,894,000 after buying an additional 67 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Global Payments by 1.8% in the second quarter. Great West Life Assurance Co. Can now owns 107,665 shares of the business services provider’s stock worth $9,714,000 after buying an additional 1,883 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Global Payments by 28.0% in the second quarter. Janney Montgomery Scott LLC now owns 6,602 shares of the business services provider’s stock worth $596,000 after buying an additional 1,444 shares during the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.

Global Payments Inc. (NYSE:GPN) opened at 93.31 on Friday. The firm has a market capitalization of $14.23 billion, a PE ratio of 72.39 and a beta of 1.09. The stock’s 50 day moving average is $92.67 and its 200-day moving average is $85.23. Global Payments Inc. has a 1-year low of $64.63 and a 1-year high of $97.99.

Global Payments (NYSE:GPN) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 18.32% and a net margin of 6.65%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. Equities research analysts forecast that Global Payments Inc. will post $3.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Thursday, September 14th. Global Payments’s dividend payout ratio (DPR) is 3.07%.

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GPN has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Global Payments from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $90.00 target price on shares of Global Payments in a report on Friday, May 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a report on Friday, May 5th. Credit Suisse Group lifted their target price on shares of Global Payments from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, BMO Capital Markets lifted their target price on shares of Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $94.58.

In other news, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $87.72, for a total transaction of $52,632.00. Following the transaction, the director now directly owns 42,475 shares of the company’s stock, valued at $3,725,907. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David E. Mangum sold 75,794 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $94.51, for a total value of $7,163,290.94. Following the transaction, the insider now directly owns 112,930 shares in the company, valued at $10,673,014.30. The disclosure for this sale can be found here. Insiders have sold 106,496 shares of company stock worth $10,010,366 over the last three months. Corporate insiders own 0.93% of the company’s stock.

About Global Payments

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)

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