Global Payments Inc (GPN) Holdings Reduced by AT Bancorp

AT Bancorp lowered its position in Global Payments Inc (NYSE:GPN) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,462 shares of the business services provider’s stock after selling 630 shares during the quarter. AT Bancorp’s holdings in Global Payments were worth $3,508,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GPN. Point72 Asia Hong Kong Ltd lifted its holdings in Global Payments by 8,133.3% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,235 shares of the business services provider’s stock worth $138,000 after buying an additional 1,220 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Global Payments in the 2nd quarter valued at about $201,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Global Payments in the 1st quarter valued at about $202,000. TLP Group LLC raised its stake in shares of Global Payments by 3,067.2% in the 1st quarter. TLP Group LLC now owns 1,932 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 1,871 shares in the last quarter. Finally, Chesapeake Wealth Management acquired a new stake in shares of Global Payments in the 2nd quarter valued at about $224,000. Hedge funds and other institutional investors own 96.91% of the company’s stock.

A number of equities research analysts have recently issued reports on GPN shares. TheStreet lowered shares of Global Payments from a “b” rating to a “c” rating in a research note on Thursday, May 3rd. Zacks Investment Research lowered shares of Global Payments from a “hold” rating to a “sell” rating in a research note on Monday, July 23rd. Morgan Stanley upped their target price on shares of Global Payments from $119.00 to $124.00 and gave the company a “$117.08” rating in a research note on Thursday, July 19th. Buckingham Research upped their target price on shares of Global Payments from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Wolfe Research started coverage on shares of Global Payments in a research note on Tuesday, July 17th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the stock. Global Payments has an average rating of “Buy” and an average price target of $116.46.

In related news, Director William I. Jacobs sold 10,181 shares of the stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,212,149.86. Following the sale, the director now owns 37,000 shares in the company, valued at $4,405,220. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan M. Silberstein sold 600 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $116.24, for a total transaction of $69,744.00. Following the sale, the director now owns 45,469 shares in the company, valued at approximately $5,285,316.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,381 shares of company stock worth $2,767,524. 0.98% of the stock is owned by company insiders.

GPN opened at $118.02 on Friday. The stock has a market cap of $18.37 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.13. Global Payments Inc has a fifty-two week low of $92.90 and a fifty-two week high of $121.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.07. The firm had revenue of $982.50 million for the quarter, compared to analyst estimates of $968.75 million. Global Payments had a net margin of 14.86% and a return on equity of 17.99%. Global Payments’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. sell-side analysts predict that Global Payments Inc will post 4.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is 2.99%.

About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

Recommended Story: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc (NYSE:GPN).

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

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply