Global Payments Inc. (GPN) Shares Bought by State of Wisconsin Investment Board
State of Wisconsin Investment Board grew its position in Global Payments Inc. (NYSE:GPN) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,935 shares of the business services provider’s stock after acquiring an additional 8,438 shares during the period. State of Wisconsin Investment Board owned 0.12% of Global Payments worth $17,954,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GPN. Teachers Advisors LLC raised its stake in shares of Global Payments by 5.8% in the first quarter. Teachers Advisors LLC now owns 177,074 shares of the business services provider’s stock valued at $14,286,000 after acquiring an additional 9,773 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Global Payments by 5.9% in the first quarter. Thrivent Financial For Lutherans now owns 5,590 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 310 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Global Payments by 7.8% in the first quarter. HighTower Advisors LLC now owns 5,371 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 390 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Global Payments by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock valued at $1,083,000 after purchasing an additional 41 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Global Payments in the second quarter valued at approximately $361,000. Institutional investors own 97.90% of the company’s stock.
Shares of Global Payments Inc. (GPN) opened at $98.85 on Monday. The company 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. Global Payments Inc. has a 52-week low of $64.63 and a 52-week high of $104.83. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. equities analysts predict that Global Payments Inc. will post 3.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio is currently 2.23%.
In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $99.82, for a total transaction of $2,595,320.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $93.74, for a total transaction of $56,244.00. Following the sale, the director now directly owns 47,293 shares in the company, valued at $4,433,245.82. The disclosure for this sale can be found here. Insiders sold a total of 77,155 shares of company stock worth $7,478,710 over the last ninety days. 0.93% of the stock is currently owned by insiders.
A number of analysts recently weighed in on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $120.00 price target on shares of Global Payments in a report on Friday. Nomura raised their price target on shares of Global Payments from $83.00 to $85.00 and gave the company a “reduce” rating in a report on Thursday. Morgan Stanley raised their price target on shares of Global Payments from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup Inc. reissued a “buy” rating and issued a $116.00 price target (up previously from $107.00) on shares of Global Payments in a report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price target (up previously from $103.00) on shares of Global Payments in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the stock. Global Payments has a consensus rating of “Buy” and a consensus 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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