Toronto Dominion Bank Buys 10,316 Shares of Global Payments Inc (GPN)

Toronto Dominion Bank lifted its stake in Global Payments Inc (NYSE:GPN) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,158 shares of the business services provider’s stock after purchasing an additional 10,316 shares during the quarter. Toronto Dominion Bank’s holdings in Global Payments were worth $6,832,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of Global Payments by 3.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 58,410 shares of the business services provider’s stock worth $5,551,000 after purchasing an additional 2,081 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Global Payments by 9.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,679,426 shares of the business services provider’s stock worth $159,596,000 after purchasing an additional 142,950 shares during the period. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Global Payments by 3.7% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 138,142 shares of the business services provider’s stock worth $13,847,000 after purchasing an additional 4,870 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Global Payments by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,401 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 1,072 shares during the period. Finally, Capital Bank & Trust Co boosted its holdings in shares of Global Payments by 102.2% in the 3rd quarter. Capital Bank & Trust Co now owns 393,153 shares of the business services provider’s stock worth $37,361,000 after purchasing an additional 198,713 shares during the period. Hedge funds and other institutional investors own 95.74% of the company’s stock.

A number of brokerages have recently commented on GPN. KeyCorp reiterated a “buy” rating and issued a $110.00 target price on shares of Global Payments in a report on Friday, October 27th. Deutsche Bank boosted their price objective on Global Payments and gave the company a “buy” rating in a report on Friday. Keefe, Bruyette & Woods restated a “buy” rating and set a $122.00 price objective on shares of Global Payments in a report on Friday, December 22nd. SunTrust Banks restated a “buy” rating and set a $120.00 price objective on shares of Global Payments in a report on Friday, November 10th. Finally, Citigroup restated a “buy” rating and set a $116.00 price objective (up previously from $107.00) on shares of Global Payments in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $107.69.

Shares of Global Payments Inc (NYSE GPN) opened at $114.35 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $18,202.27, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 1.70 and a beta of 1.14. Global Payments Inc has a 1 year low of $76.47 and a 1 year high of $114.86.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, February 15th. The business services provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $943.39 million. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. Global Payments’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. equities research analysts predict that Global Payments Inc will post 4.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Thursday, March 15th. Global Payments’s dividend payout ratio (DPR) is presently 1.34%.

Global Payments announced that its Board of Directors has authorized a share buyback plan on Thursday, February 15th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Global Payments news, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $100.43, for a total transaction of $60,258.00. Following the completion of the sale, the director now directly owns 38,275 shares of the company’s stock, valued at approximately $3,843,958.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 3,000 shares of company stock valued at $310,314. 0.93% of the stock is currently owned by corporate insiders.

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About Global Payments

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.

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

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Toronto Dominion Bank Buys 10,316 Shares of Global Payments Inc (GPN)

Toronto Dominion Bank lifted its stake in Global Payments Inc (NYSE:GPN) by 17.8% in the 4th quarter, HoldingsChannel reports. The fund owned 68,158 shares of the business services provider’s stock after purchasing an additional 10,316 shares during the quarter. Toronto Dominion Bank’s holdings in Global Payments were worth $6,832,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GPN. Capital International Investors raised its position in shares of Global Payments by 39.1% in the 3rd quarter. Capital International Investors now owns 2,678,334 shares of the business services provider’s stock worth $254,522,000 after acquiring an additional 752,962 shares in the last quarter. Atlanta Capital Management Co. L L C bought a new position in shares of Global Payments in the 3rd quarter worth $23,161,000. Capital Bank & Trust Co raised its position in shares of Global Payments by 102.2% in the 3rd quarter. Capital Bank & Trust Co now owns 393,153 shares of the business services provider’s stock worth $37,361,000 after acquiring an additional 198,713 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Global Payments by 13.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,402,879 shares of the business services provider’s stock worth $133,316,000 after acquiring an additional 163,665 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Global Payments by 9.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,679,426 shares of the business services provider’s stock worth $159,596,000 after acquiring an additional 142,950 shares in the last quarter. 95.74% of the stock is owned by hedge funds and other institutional investors.

Shares of Global Payments Inc (GPN) opened at $114.35 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.14 and a current ratio of 1.13. The firm has a market capitalization of $18,202.27, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.70 and a beta of 1.14. Global Payments Inc has a one year low of $76.47 and a one year high of $114.86.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $943.39 million. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. equities research analysts forecast that Global Payments Inc will post 4.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s payout ratio is presently 1.34%.

Global Payments announced that its board has authorized a stock buyback plan on Thursday, February 15th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Several research firms have recently commented on GPN. BMO Capital Markets reissued a “buy” rating and issued a $135.00 price target on shares of Global Payments in a research report on Friday. Deutsche Bank boosted their price target on Global Payments and gave the stock a “buy” rating in a research report on Friday. KeyCorp boosted their price target on Global Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday. Nomura boosted their price target on Global Payments from $85.00 to $92.00 and gave the stock a “reduce” rating in a research report on Tuesday, February 13th. Finally, SunTrust Banks reissued a “buy” rating and issued a $130.00 price target on shares of Global Payments in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $107.69.

In other Global Payments news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $100.43, for a total transaction of $60,258.00. Following the sale, the director now owns 38,275 shares in the company, valued at approximately $3,843,958.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 3,000 shares of company stock worth $310,314. Company insiders own 0.93% of the company’s stock.

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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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