Global Payments Inc (GPN) Shares Bought by Janus Henderson Group PLC
Janus Henderson Group PLC boosted its position in Global Payments Inc (NYSE:GPN) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,302,837 shares of the business services provider’s stock after purchasing an additional 10,039 shares during the period. Janus Henderson Group PLC owned about 1.45% of Global Payments worth $218,838,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPN. Janney Montgomery Scott LLC increased its stake in Global Payments by 28.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,602 shares of the business services provider’s stock valued at $596,000 after purchasing an additional 1,444 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Global Payments by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 73,932 shares of the business services provider’s stock valued at $6,678,000 after buying an additional 331 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Global Payments by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 68,812 shares of the business services provider’s stock valued at $6,215,000 after buying an additional 519 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Global Payments by 5.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 494,167 shares of the business services provider’s stock valued at $44,634,000 after buying an additional 26,837 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Global Payments by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 37,800 shares of the business services provider’s stock valued at $3,414,000 after buying an additional 100 shares during the last quarter. 98.97% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction on Monday, September 18th. The stock was sold at an average price of $97.70, for a total value of $58,620.00. Following the transaction, the director now owns 46,693 shares in the company, valued at $4,561,906.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 8,200 shares of Global Payments stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $97.61, for a total value of $800,402.00. Following the completion of the transaction, the director now owns 172,497 shares in the company, valued at approximately $16,837,432.17. The disclosure for this sale can be found here. Insiders sold 37,800 shares of company stock worth $3,750,676 in the last quarter. 0.93% of the stock is owned by insiders.
Shares of Global Payments Inc (NYSE:GPN) traded up $0.16 during trading on Monday, reaching $99.53. The company had a trading volume of 127,581 shares, compared to its average volume of 1,119,135. Global Payments Inc has a 52-week low of $68.98 and a 52-week high of $104.90. The firm has a market capitalization of $15,813.98, a PE ratio of 26.71, a P/E/G ratio of 1.83 and a beta of 1.11. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27.
Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $917.31 million. During the same quarter last year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. analysts predict that Global Payments Inc will post 3.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, December 14th. Global Payments’s payout ratio is currently 2.23%.
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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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