BNP Paribas Arbitrage SA Purchases 58,465 Shares of Global Payments Inc (NYSE:GPN)

BNP Paribas Arbitrage SA grew its position in Global Payments Inc (NYSE:GPN) by 78.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,259 shares of the business services provider’s stock after buying an additional 58,465 shares during the period. BNP Paribas Arbitrage SA owned 0.08% of Global Payments worth $14,861,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in Global Payments by 70.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 113,125 shares of the business services provider’s stock worth $11,339,000 after purchasing an additional 46,813 shares in the last quarter. Norinchukin Bank The boosted its stake in Global Payments by 12.1% in the 4th quarter. Norinchukin Bank The now owns 12,723 shares of the business services provider’s stock worth $1,275,000 after purchasing an additional 1,373 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Global Payments by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 30,607 shares of the business services provider’s stock worth $3,068,000 after purchasing an additional 968 shares in the last quarter. Toronto Dominion Bank boosted its stake in Global Payments by 17.8% in the 4th quarter. Toronto Dominion Bank now owns 68,158 shares of the business services provider’s stock worth $6,832,000 after purchasing an additional 10,316 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Global Payments by 32.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,494 shares of the business services provider’s stock worth $350,000 after purchasing an additional 859 shares in the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.

In related news, Director William I. Jacobs sold 10,181 shares of Global Payments stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $119.06, for a total value of $1,212,149.86. Following the sale, the director now owns 37,000 shares of the company’s stock, valued at approximately $4,405,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction on Friday, April 13th. The shares were sold at an average price of $110.00, for a total transaction of $66,000.00. Following the completion of the sale, the director now directly owns 35,875 shares in the company, valued at approximately $3,946,250. The disclosure for this sale can be found here. Insiders sold a total of 32,929 shares of company stock worth $3,858,237 in the last three months. 0.98% of the stock is owned by corporate insiders.



Global Payments opened at $117.75 on Friday, MarketBeat.com reports. Global Payments Inc has a 1-year low of $87.86 and a 1-year high of $119.69. The company has a market cap of $18.64 billion, a PE ratio of 29.36, a PEG ratio of 1.40 and a beta of 1.11. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.01.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, May 3rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Global Payments had a net margin of 13.27% and a return on equity of 17.66%. The firm had revenue of $924.30 million for the quarter, compared to analysts’ expectations of $914.06 million. During the same quarter last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. analysts expect that Global Payments Inc will post 4.87 earnings per share for the current fiscal year.

Global Payments announced that its board has initiated a share repurchase plan on Thursday, February 15th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Global Payments’s dividend payout ratio is currently 1.00%.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Global Payments from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. TheStreet lowered shares of Global Payments from a “b” rating to a “c” rating in a research report on Thursday, May 3rd. Morgan Stanley raised their price target on shares of Global Payments from $118.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Friday, May 4th. ValuEngine raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, SunTrust Banks raised their price target on shares of Global Payments to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $112.42.

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.

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

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