First American Bank bought a new stake in Global Payments Inc (NYSE:GPN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 52,947 shares of the business services provider’s stock, valued at approximately $9,666,000.
Several other large investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. lifted its stake in Global Payments by 48.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 111,641 shares of the business services provider’s stock worth $15,241,000 after purchasing an additional 36,216 shares during the last quarter. AQR Capital Management LLC increased its stake in Global Payments by 66.5% in the second quarter. AQR Capital Management LLC now owns 29,495 shares of the business services provider’s stock valued at $4,709,000 after purchasing an additional 11,783 shares during the last quarter. Jefferies Group LLC acquired a new stake in Global Payments during the second quarter worth approximately $236,000. Cubist Systematic Strategies LLC lifted its position in shares of Global Payments by 78,450.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,710 shares of the business services provider’s stock worth $2,516,000 after buying an additional 15,690 shares during the last quarter. Finally, CSat Investment Advisory L.P. lifted its position in shares of Global Payments by 194.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 321 shares of the business services provider’s stock worth $52,000 after buying an additional 212 shares during the last quarter. 87.71% of the stock is owned by institutional investors.
GPN has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating and set a $195.00 target price on the stock. in a research report on Thursday, January 2nd. Morgan Stanley lifted their price target on shares of Global Payments from $137.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday. Raymond James raised shares of Global Payments from a “market perform” rating to an “outperform” rating and set a $210.00 price target for the company in a research report on Monday, January 6th. Cowen restated an “outperform” rating and issued a $206.00 price objective (up previously from $195.00) on shares of Global Payments in a research note on Friday, December 13th. Finally, Barclays raised their price objective on Global Payments from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company. Global Payments presently has a consensus rating of “Buy” and an average price target of $192.51.
GPN opened at $198.77 on Friday. Global Payments Inc has a 52 week low of $110.69 and a 52 week high of $202.58. The business has a 50 day moving average price of $186.00 and a two-hundred day moving average price of $170.80. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $59.74 billion, a PE ratio of 79.83, a P/E/G ratio of 1.52 and a beta of 0.95.
Global Payments (NYSE:GPN) last announced its earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.16 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The company’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. As a group, sell-side analysts expect that Global Payments Inc will post 5.82 EPS for the current fiscal year.
The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.195 per share. The ex-dividend date was Thursday, December 12th. This is an increase from Global Payments’s previous dividend of $0.01. Global Payments’s dividend payout ratio (DPR) is currently 15.03%.
In other news, Director Joia M. Johnson acquired 560 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was bought at an average price of $178.45 per share, for a total transaction of $99,932.00. Following the transaction, the director now owns 2,347 shares in the company, valued at $418,822.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joia M. Johnson bought 575 shares of Global Payments stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $169.35 per share, with a total value of $97,376.25. Following the purchase, the director now directly owns 1,787 shares in the company, valued at approximately $302,628.45. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 9,677 shares of company stock valued at $1,660,457. Corporate insiders own 0.88% of the company’s stock.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. 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, and online reporting services.
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