Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,930 shares of the company’s stock, valued at approximately $412,000.
A number of other large investors also recently made changes to their positions in GPN. Airain ltd bought a new stake in shares of Global Payments during the second quarter worth $10,309,000. LGL Partners LLC bought a new stake in Global Payments during the second quarter valued at approximately $2,115,000. Quantbot Technologies LP bought a new stake in Global Payments during the second quarter valued at approximately $5,365,000. Wright Investors Service Inc. raised its stake in Global Payments by 4.4% in the second quarter. Wright Investors Service Inc. now owns 11,940 shares of the company’s stock valued at $852,000 after buying an additional 505 shares during the period. Finally, Shelton Capital Management raised its stake in Global Payments by 15.9% in the second quarter. Shelton Capital Management now owns 15,019 shares of the company’s stock valued at $1,072,000 after buying an additional 2,061 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.
Global Payments Inc. (NYSE:GPN) traded up 0.09% during mid-day trading on Monday, reaching $78.54. 464,399 shares of the company were exchanged. Global Payments Inc. has a 1-year low of $54.86 and a 1-year high of $80.88. The company has a 50 day moving average of $76.31 and a 200-day moving average of $74.17. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 47.46 and a beta of 1.05.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Monday, January 9th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.05. The firm had revenue of $817.20 million for the quarter. Global Payments had a return on equity of 19.50% and a net margin of 7.28%. Global Payments’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, equities research analysts forecast that Global Payments Inc. will post $3.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, February 8th. This represents a $0.04 annualized dividend and a yield of 0.05%. Global Payments’s payout ratio is presently 2.41%.
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Several research firms have recently commented on GPN. Zacks Investment Research lowered Global Payments from a “buy” rating to a “hold” rating in a research note on Wednesday, November 23rd. BMO Capital Markets began coverage on Global Payments in a research note on Thursday, January 5th. They issued an “outperform” rating and a $86.00 price objective for the company. Royal Bank Of Canada upped their price objective on Global Payments from $87.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 10th. Guggenheim began coverage on Global Payments in a research note on Monday, December 19th. They issued a “buy” rating and a $82.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of Global Payments in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $83.46.
In other news, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the company’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $71.03, for a total value of $461,695.00. Following the transaction, the director now owns 330,752 shares in the company, valued at approximately $23,493,314.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 21,000 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $80.00, for a total value of $1,680,000.00. Following the completion of the transaction, the director now owns 305,752 shares in the company, valued at approximately $24,460,160. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,865 shares of company stock worth $3,350,905. Corporate insiders own 1.10% of the company’s stock.
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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