Trading Report: Today, Bronfman E.L. Rothschild L.P. decides to keep it stake in Global Payments Inc. (GPN) to the level of $495,000

Today, Bronfman E.L. Rothschild L.P. decides to keep it stake in Global Payments Inc. (GPN) to the level of $495,000

Bronfman E.L. Rothschild L.P. reduced its position in Global Payments Inc. (NYSE:GPN) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 6,447 shares of the company’s stock after selling 37 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Global Payments were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Global Payments by 44.3% in the second quarter. Vanguard Group Inc. now owns 13,969,774 shares of the company’s stock worth $997,163,000 after buying an additional 4,289,181 shares during the last quarter. State Street Corp boosted its stake in shares of Global Payments by 35.8% in the second quarter. State Street Corp now owns 5,512,377 shares of the company’s stock worth $393,482,000 after buying an additional 1,454,637 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of Global Payments by 219.6% in the second quarter. BlackRock Advisors LLC now owns 2,030,268 shares of the company’s stock worth $144,920,000 after buying an additional 1,394,995 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Global Payments by 30.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,367,430 shares of the company’s stock worth $383,127,000 after buying an additional 1,259,406 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of Global Payments by 327.3% in the second quarter. BlackRock Investment Management LLC now owns 1,643,705 shares of the company’s stock worth $117,328,000 after buying an additional 1,259,071 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Global Payments Inc. (NYSE:GPN) traded up 0.04% on Friday, reaching $72.12. 27,920 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $72.57 and its 200 day moving average is $74.45. Global Payments Inc. has a 52 week low of $51.29 and a 52 week high of $79.93. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 37.12 and a beta of 1.10.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $939.50 million for the quarter. Global Payments had a return on equity of 22.33% and a net margin of 8.74%. The firm’s quarterly revenue was up 52.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. On average, equities analysts anticipate that Global Payments Inc. will post $3.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date is Tuesday, November 8th. Global Payments’s payout ratio is currently 2.06%.

A number of equities analysts recently issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $85.00 target price (up previously from $79.00) on shares of Global Payments in a research report on Thursday, October 6th. Goldman Sachs Group Inc. raised shares of Global Payments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $88.00 in a research report on Thursday, September 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $83.00 target price on shares of Global Payments in a research report on Friday, July 29th. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Global Payments in a research report on Thursday, September 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Global Payments from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company. Global Payments currently has an average rating of “Buy” and an average target price of $78.88.

In related news, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $73.62, for a total value of $44,172.00. Following the transaction, the director now owns 43,516 shares in the company, valued at $3,203,647.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the firm’s stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $73.89, for a total value of $480,285.00. Following the completion of the transaction, the director now owns 343,752 shares in the company, valued at approximately $25,399,835.28. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.

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