Trade Report: Today: 17,770 Shares of Global Payments Inc. (GPN) are sold by Daiwa Securities Group Inc.

Today: 17,770 Shares of Global Payments Inc. (GPN) are sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its position in shares of Global Payments Inc. (NYSE:GPN) by 25.8% during the third quarter, Holdings Channel reports. The firm owned 51,138 shares of the company’s stock after selling 17,770 shares during the period. Daiwa Securities Group Inc.’s holdings in Global Payments were worth $3,925,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position 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 period. State Street Corp increased its position 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 period. BlackRock Advisors LLC increased its position 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 period. Massachusetts Financial Services Co. MA increased its position 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 period. Finally, BlackRock Investment Management LLC increased its position 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 period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Global Payments Inc. (NYSE:GPN) traded up 0.28% on Monday, hitting $72.29. The stock had a trading volume of 520,186 shares. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 37.21 and a beta of 1.10. Global Payments Inc. has a 1-year low of $51.29 and a 1-year high of $79.93. The company’s 50 day moving average is $72.18 and its 200-day moving average is $74.44.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Friday, November 11th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.04 annualized dividend and a yield of 0.06%. Global Payments’s dividend payout ratio is currently 2.06%.

GPN has been the subject of a number of analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $79.00) on shares of Global Payments in a research report on Thursday, October 6th. Goldman Sachs Group Inc. raised Global Payments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $88.00 in a research report on Thursday, September 15th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Global Payments in a research report on Thursday, September 8th. Stifel Nicolaus boosted their price target on Global Payments from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, October 7th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Global Payments in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $78.88.

In other Global Payments news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $73.22, for a total transaction of $43,932.00. Following the sale, the director now owns 44,411 shares of the company’s stock, valued at $3,251,773.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $74.73, for a total transaction of $485,745.00. Following the sale, the director now directly owns 349,063 shares in the company, valued at approximately $26,085,477.99. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Global Payments Company 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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