John G Ullman & Associates Inc. Buys New Stake in Global Payments Inc (NYSE:GPN)

John G Ullman & Associates Inc. bought a new stake in Global Payments Inc (NYSE:GPN) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,400 shares of the business services provider’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPN. Janus Henderson Group PLC raised its position in Global Payments by 3.9% during the second quarter. Janus Henderson Group PLC now owns 4,609,039 shares of the business services provider’s stock worth $738,044,000 after acquiring an additional 171,217 shares during the period. Geode Capital Management LLC raised its position in Global Payments by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 1,969,663 shares of the business services provider’s stock worth $202,756,000 after acquiring an additional 128,466 shares during the period. Northern Trust Corp raised its position in Global Payments by 3.9% during the first quarter. Northern Trust Corp now owns 1,804,053 shares of the business services provider’s stock worth $246,289,000 after acquiring an additional 68,478 shares during the period. Wells Fargo & Company MN raised its position in Global Payments by 3.5% during the first quarter. Wells Fargo & Company MN now owns 1,666,899 shares of the business services provider’s stock worth $227,564,000 after acquiring an additional 56,582 shares during the period. Finally, Coho Partners Ltd. acquired a new position in Global Payments during the first quarter worth $118,168,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Shares of Global Payments stock traded up $1.42 during trading hours on Friday, reaching $157.75. 1,510,400 shares of the company’s stock were exchanged, compared to its average volume of 1,751,664. Global Payments Inc has a 1 year low of $94.81 and a 1 year high of $172.20. The company has a market capitalization of $24.49 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. The business has a fifty day moving average of $162.66 and a two-hundred day moving average of $145.65. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20.



Global Payments (NYSE:GPN) last released its earnings results on Tuesday, July 30th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.05. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, research analysts predict that Global Payments Inc will post 5.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 12th. Global Payments’s payout ratio is 0.77%.

In other news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $165.05, for a total transaction of $99,030.00. Following the completion of the sale, the director now owns 30,188 shares of the company’s stock, valued at $4,982,529.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Silberstein sold 700 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $156.18, for a total transaction of $109,326.00. The disclosure for this sale can be found here. Insiders have sold 7,000 shares of company stock valued at $1,120,121 in the last ninety days. Insiders own 0.88% of the company’s stock.

A number of equities analysts have weighed in on the stock. Guggenheim upgraded shares of Global Payments from a “neutral” rating to a “buy” rating in a research report on Thursday, May 30th. Wells Fargo & Co upped their price objective on shares of Global Payments from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Cantor Fitzgerald upped their price objective on shares of Global Payments from $143.00 to $163.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank upped their price objective on shares of Global Payments from $162.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Global Payments from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $164.74.

About Global Payments

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

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