Jane Street Group LLC purchased a new position in Global Payments Inc (NYSE:GPN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,066 shares of the business services provider’s stock, valued at approximately $671,000.

Several other large investors have also added to or reduced their stakes in the company. Westpac Banking Corp lifted its holdings in shares of Global Payments by 29.1% in the third quarter. Westpac Banking Corp now owns 17,628 shares of the business services provider’s stock valued at $1,675,000 after buying an additional 3,973 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Global Payments by 0.7% in the third quarter. Nationwide Fund Advisors now owns 261,387 shares of the business services provider’s stock valued at $24,840,000 after buying an additional 1,815 shares during the period. Stifel Financial Corp lifted its holdings in shares of Global Payments by 29.5% in the third quarter. Stifel Financial Corp now owns 167,462 shares of the business services provider’s stock valued at $15,922,000 after buying an additional 38,149 shares during the period. North Star Asset Management Inc. lifted its holdings in shares of Global Payments by 0.9% in the third quarter. North Star Asset Management Inc. now owns 176,000 shares of the business services provider’s stock valued at $14,200,000 after buying an additional 1,637 shares during the period. Finally, Virginia Retirement Systems ET AL lifted its holdings in shares of Global Payments by 17.0% in the third quarter. Virginia Retirement Systems ET AL now owns 155,200 shares of the business services provider’s stock valued at $14,749,000 after buying an additional 22,600 shares during the period. 98.97% of the stock is owned by institutional investors.

Shares of Global Payments Inc (NYSE:GPN) traded up $0.19 during trading on Friday, reaching $99.54. The company had a trading volume of 1,269,800 shares, compared to its average volume of 1,117,484. The stock has a market cap of $15,812.39, a P/E ratio of 26.71, a P/E/G ratio of 1.83 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Global Payments Inc has a 1 year low of $68.98 and a 1 year high of $104.90.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. research analysts forecast that Global Payments Inc will post 3.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio is currently 2.23%.

In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction dated 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 directly owns 46,693 shares of the company’s stock, valued at approximately $4,561,906.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,600 shares of company stock valued at $2,951,732. Company insiders own 0.93% of the company’s stock.

GPN has been the subject of several analyst reports. BidaskClub downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Global Payments in a report on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and set a $106.00 target price on shares of Global Payments in a report on Tuesday, September 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $103.00 target price on shares of Global Payments in a report on Wednesday, September 6th. Finally, Cowen reaffirmed a “buy” rating and set a $102.00 target price on shares of Global Payments in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $105.01.

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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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