Sun Life Financial INC increased its stake in Global Payments Inc. (NYSE:GPN) by 15,728.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,108 shares of the business services provider’s stock after buying an additional 1,101 shares during the quarter. Sun Life Financial INC’s holdings in Global Payments were worth $100,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of Global Payments by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 16,940,401 shares of the business services provider’s stock worth $1,366,752,000 after buying an additional 126,712 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Global Payments by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock worth $1,373,930,000 after buying an additional 448,864 shares during the last quarter. FMR LLC boosted its holdings in shares of Global Payments by 12.4% in the 1st quarter. FMR LLC now owns 14,898,661 shares of the business services provider’s stock worth $1,202,023,000 after buying an additional 1,647,907 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Global Payments by 3,093.1% in the 1st quarter. BlackRock Inc. now owns 13,529,075 shares of the business services provider’s stock worth $1,091,527,000 after buying an additional 13,105,378 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Global Payments by 1.1% in the 1st quarter. State Street Corp now owns 5,989,099 shares of the business services provider’s stock worth $483,201,000 after buying an additional 63,278 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on the stock. Buckingham Research assumed coverage on shares of Global Payments in a report on Monday. They issued a “buy” rating and a $113.00 price target on the stock. Robert W. Baird boosted their price target on shares of Global Payments from $106.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. William Blair reissued an “ourperform” rating on shares of Global Payments in a report on Friday, September 22nd. KeyCorp assumed coverage on shares of Global Payments in a report on Friday, September 22nd. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, J P Morgan Chase & Co boosted their price target on shares of Global Payments from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $99.01.

In other news, insider David E. Mangum sold 75,794 shares of Global Payments stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $94.51, for a total transaction of $7,163,290.94. Following the transaction, the insider now directly owns 112,930 shares of the company’s stock, valued at approximately $10,673,014.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Guido Francesco Sacchi sold 25,927 shares of Global Payments stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $95.22, for a total value of $2,468,768.94. Following the transaction, the executive vice president now directly owns 34,622 shares in the company, valued at $3,296,706.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,749 shares of company stock worth $13,421,277. Insiders own 0.93% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Global Payments Inc. (GPN) Shares Bought by Sun Life Financial INC” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/05/global-payments-inc-gpn-shares-bought-by-sun-life-financial-inc.html.

Shares of Global Payments Inc. (NYSE GPN) opened at 96.10 on Thursday. Global Payments Inc. has a one year low of $64.63 and a one year high of $98.14. The stock has a 50 day moving average of $95.35 and a 200-day moving average of $89.67. The stock has a market capitalization of $14.65 billion, a P/E ratio of 74.55 and a beta of 1.11.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.07. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The firm had revenue of $847.90 million for the quarter, compared to analysts’ expectations of $837.76 million. During the same period in the previous year, the firm earned $0.76 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts forecast that Global Payments Inc. will post $3.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s payout ratio is currently 2.45%.

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.

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).

Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

Receive News & Stock Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related stocks with our FREE daily email newsletter.