The Nicolet Bankshares Inc. Cuts Position in Global Payments Inc. (GPN)

The Nicolet Bankshares Inc. Cuts Position in Global Payments Inc. (GPN)

Nicolet Bankshares Inc. reduced its position in shares of Global Payments Inc. (NYSE:GPN) by 7.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,695 shares of the company’s stock after selling 465 shares during the period. Nicolet Bankshares Inc.’s holdings in Global Payments were worth $407,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GPN. Financial Architects Inc boosted its stake in Global Payments by 1,305.2% in the second quarter. Financial Architects Inc now owns 1,616 shares of the company’s stock worth $115,000 after buying an additional 1,501 shares during the period. Raymond James Trust N.A. purchased a new stake in shares of Global Payments during the second quarter valued at approximately $250,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of Global Payments during the second quarter valued at approximately $339,000. Lucus Advisors LLC boosted its stake in shares of Global Payments by 6.5% in the second quarter. Lucus Advisors LLC now owns 4,840 shares of the company’s stock valued at $345,000 after buying an additional 296 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Global Payments by 36.4% in the second quarter. LS Investment Advisors LLC now owns 4,881 shares of the company’s stock valued at $348,000 after buying an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 96.56% of the company’s stock.

Global Payments Inc. (NYSE:GPN) traded down 0.42% on Friday, hitting $73.04. The stock had a trading volume of 927,014 shares. The company’s 50 day moving average is $75.74 and its 200 day moving average is $74.32. Global Payments Inc. has a 12-month low of $51.29 and a 12-month high of $79.93. The firm has a market cap of $11.23 billion, a PE ratio of 37.59 and a beta of 1.09.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, October 5th. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. Global Payments had a return on equity of 22.33% and a net margin of 8.74%. The firm had revenue of $939.50 million for the quarter. During the same quarter in the previous year, the business posted $0.79 EPS. Global Payments’s revenue was up 52.2% compared to the same quarter last year. On average, equities research analysts expect that Global Payments Inc. will post $3.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date is Tuesday, November 8th. Global Payments’s payout ratio is currently 2.06%.

Several analysts recently commented on the company. Barclays PLC boosted their price target on Global Payments from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, September 30th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $85.00 price target on shares of Global Payments in a research report on Friday, October 7th. Robert W. Baird reiterated an “outperform” rating and set a $88.00 price target on shares of Global Payments in a research report on Thursday. Nomura boosted their price target on Global Payments from $64.00 to $66.00 in a research report on Friday, July 29th. Finally, Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.03.

In related news, Director William I. Jacobs sold 600 shares of Global Payments 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David E. Mangum sold 88,938 shares of Global Payments stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $75.07, for a total value of $6,676,575.66. Following the completion of the transaction, the insider now owns 172,060 shares in the company, valued at approximately $12,916,544.20. 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 in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

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