Public Employees Retirement System of Ohio boosted its stake in Global Payments Inc (NYSE:GPN) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,154 shares of the business services provider’s stock after purchasing an additional 38,314 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.10% of Global Payments worth $15,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GPN. Janus Henderson Group PLC boosted its position in shares of Global Payments by 11,779.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,292,798 shares of the business services provider’s stock valued at $207,086,000 after acquiring an additional 2,273,498 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Global Payments by 162.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock valued at $296,636,000 after acquiring an additional 2,030,880 shares during the last quarter. Capital International Investors bought a new stake in shares of Global Payments during the 2nd quarter valued at about $173,900,000. Capital Guardian Trust Co. bought a new stake in shares of Global Payments during the 2nd quarter valued at about $49,793,000. Finally, Vanguard Group Inc. boosted its position in shares of Global Payments by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock valued at $1,373,930,000 after acquiring an additional 448,864 shares during the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

A number of brokerages have recently issued reports on GPN. Robert W. Baird reiterated a “buy” rating and set a $106.00 price target on shares of Global Payments in a research report on Tuesday, September 5th. Deutsche Bank reiterated a “buy” rating and set a $115.00 price target (up previously from $100.00) on shares of Global Payments in a research report on Tuesday, October 10th. Bank of America began coverage on Global Payments in a research report on Tuesday, September 12th. They set a “buy” rating and a $110.00 price target for the company. Buckingham Research began coverage on Global Payments in a research report on Monday, October 2nd. They set a “buy” rating and a $113.00 price target for the company. Finally, William Blair reiterated an “ourperform” rating on shares of Global Payments in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $105.01.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of Global Payments stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.48, for a total value of $60,288.00. Following the completion of the transaction, the director now directly owns 45,493 shares in the company, valued at $4,571,136.64. The disclosure for this sale can be found here. Insiders sold a total of 29,000 shares of company stock worth $2,893,112 over the last ninety days. Insiders own 0.93% of the company’s stock.

Global Payments Inc (GPN) opened at $100.83 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $16,046.29, a PE ratio of 27.10, a P/E/G ratio of 1.85 and a beta of 1.11. 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 results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the Zacks’ 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 return on equity of 18.50% and a net margin of 7.14%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. research analysts anticipate that Global Payments Inc will post 3.81 earnings per share for the current year.

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

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

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