Strs Ohio boosted its holdings in shares of Global Payments Inc (NYSE:GPN) by 43.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,568 shares of the business services provider’s stock after acquiring an additional 2,587 shares during the period. Strs Ohio’s holdings in Global Payments were worth $858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in Global Payments by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 3,396,554 shares of the business services provider’s stock worth $319,071,000 after buying an additional 112,256 shares during the last quarter. Capital International Investors raised its holdings in Global Payments by 39.1% during the third quarter. Capital International Investors now owns 2,678,334 shares of the business services provider’s stock worth $254,522,000 after buying an additional 752,962 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Global Payments by 0.4% during the third quarter. Janus Henderson Group PLC now owns 2,302,837 shares of the business services provider’s stock worth $218,838,000 after buying an additional 10,039 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Global Payments by 0.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,836,396 shares of the business services provider’s stock worth $174,513,000 after buying an additional 16,898 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Global Payments by 9.3% during the third quarter. Wells Fargo & Company MN now owns 1,679,426 shares of the business services provider’s stock worth $159,596,000 after buying an additional 142,950 shares during the last quarter. Hedge funds and other institutional investors own 98.79% of the company’s stock.

Global Payments Inc (GPN) opened at $106.32 on Thursday. The firm has a market cap of $16,870.69, a PE ratio of 28.50, a P/E/G ratio of 1.58 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments Inc has a 1 year low of $76.47 and a 1 year high of $113.26.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.12. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates 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 for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. equities analysts forecast that Global Payments Inc will post 3.81 EPS for the current year.

GPN has been the topic of several research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $122.00 price objective on shares of Global Payments in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Stephens upgraded shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 target price for the company in a report on Tuesday, January 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $108.00 target price (up previously from $100.00) on shares of Global Payments in a report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Nomura increased their target price on shares of Global Payments from $83.00 to $85.00 and gave the company a “reduce” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $105.26.

In other Global Payments news, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $98.32, for a total transaction of $58,992.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,600 shares of company stock valued at $366,270 in the last quarter. Company insiders own 0.93% of the company’s stock.

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

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