Global Payments Inc. (GPN) Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in shares of Global Payments Inc. (NYSE:GPN) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 285,840 shares of the business services provider’s stock after selling 6,572 shares during the period. Rhumbline Advisers owned 0.19% of Global Payments worth $27,163,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sun Life Financial INC grew its holdings in Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,101 shares during the period. Thompson Davis & CO. Inc. grew its holdings in Global Payments by 0.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after acquiring an additional 10 shares during the period. Intellectus Partners LLC acquired a new stake in Global Payments during the 2nd quarter worth about $128,000. Commonwealth Bank of Australia grew its holdings in Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after acquiring an additional 176 shares during the period. Finally, Stephens Inc. AR acquired a new stake in Global Payments during the 2nd quarter worth about $143,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.

Shares of Global Payments Inc. (NYSE GPN) opened at $100.03 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $15,950.00, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.86 and a beta of 1.14. Global Payments Inc. has a one year low of $65.91 and a one year high of $104.83.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $917.31 million. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts forecast that Global Payments Inc. will post 3.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. Global Payments’s payout ratio is currently 2.27%.

In other news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $97.70, for a total transaction of $58,620.00. Following the completion of the sale, the director now owns 46,693 shares in the company, valued at approximately $4,561,906.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Guido Francesco Sacchi sold 25,927 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $95.22, for a total transaction of $2,468,768.94. Following the sale, the executive vice president now owns 34,622 shares of the company’s stock, valued at approximately $3,296,706.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,555 shares of company stock valued at $6,951,810. 0.93% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and set a $106.00 price objective on shares of Global Payments in a research report on Tuesday, September 5th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $113.00 price objective on shares of Global Payments in a research report on Friday. Royal Bank Of Canada cut their price objective on shares of Global Payments from $103.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Stifel Nicolaus reissued a “buy” rating and set a $103.00 price objective (up previously from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Finally, William Blair reissued an “outperform” rating on shares of Global Payments in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $105.01.

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

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