Caisse DE Depot ET Placement DU Quebec grew its position in Global Payments Inc (NYSE:GPN) by 100.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,600 shares of the business services provider’s stock after buying an additional 5,820 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Global Payments were worth $1,293,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Signet Financial Management LLC purchased a new position in shares of Global Payments during the 2nd quarter worth approximately $134,000. Point72 Asia Hong Kong Ltd boosted its position in shares of Global Payments by 8,133.3% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,235 shares of the business services provider’s stock worth $138,000 after purchasing an additional 1,220 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Global Payments during the 2nd quarter worth approximately $201,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Global Payments during the 1st quarter worth approximately $202,000. Finally, TLP Group LLC boosted its position in shares of Global Payments by 3,067.2% during the 1st quarter. TLP Group LLC now owns 1,932 shares of the business services provider’s stock worth $215,000 after purchasing an additional 1,871 shares during the period. 96.33% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP David Lawrence Green sold 9,212 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $128.17, for a total value of $1,180,702.04. Following the sale, the executive vice president now directly owns 63,083 shares in the company, valued at approximately $8,085,348.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cameron M. Bready sold 57,737 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $127.78, for a total transaction of $7,377,633.86. Following the completion of the sale, the insider now owns 189,083 shares in the company, valued at $24,161,025.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,905 shares of company stock worth $11,372,203. 0.98% of the stock is owned by company insiders.
GPN has been the subject of a number of research analyst reports. Raymond James initiated coverage on shares of Global Payments in a research report on Friday, June 15th. They set a “market perform” rating for the company. Goldman Sachs Group cut shares of Global Payments from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Monday, June 18th. Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Wednesday, June 27th. ValuEngine cut shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Citigroup increased their price objective on shares of Global Payments from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $118.84.
Global Payments stock opened at $128.59 on Friday. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. Global Payments Inc has a 52-week low of $92.97 and a 52-week high of $129.25. 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 earnings results on Thursday, August 2nd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. The company 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%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. equities analysts expect that Global Payments Inc will post 4.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is presently 2.99%.
Global Payments Company Profile
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.
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