Daiwa Securities Group Inc. decreased its position in shares of Global Payments Inc. (NYSE:GPN) by 26.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,891 shares of the business services provider’s stock after selling 23,502 shares during the period. Daiwa Securities Group Inc.’s holdings in Global Payments were worth $5,951,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Global Payments by 3,093.1% in the first quarter. BlackRock Inc. now owns 13,529,075 shares of the business services provider’s stock worth $1,091,527,000 after buying an additional 13,105,378 shares during the last quarter. FMR LLC increased its stake in Global Payments by 12.4% in the first quarter. FMR LLC now owns 14,898,661 shares of the business services provider’s stock worth $1,202,023,000 after buying an additional 1,647,907 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Global Payments by 240.0% in the first quarter. Pictet Asset Management Ltd. now owns 1,106,252 shares of the business services provider’s stock worth $89,252,000 after buying an additional 780,922 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Global Payments by 2,062.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 758,483 shares of the business services provider’s stock worth $61,195,000 after buying an additional 723,400 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Global Payments by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,762,938 shares of the business services provider’s stock worth $1,191,073,000 after buying an additional 341,212 shares during the last quarter. Institutional investors own 98.70% of the company’s stock.

Shares of Global Payments Inc. (NYSE:GPN) opened at 97.72 on Monday. The stock has a market capitalization of $14.90 billion, a PE ratio of 76.88 and a beta of 1.09. Global Payments Inc. has a 52 week low of $64.63 and a 52 week high of $97.99. The stock’s 50 day moving average is $91.38 and its 200 day moving average is $84.38.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.07. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The business had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts anticipate that Global Payments Inc. will post $3.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s payout ratio is 3.07%.

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A number of equities research analysts have recently issued reports on GPN shares. Atlantic Securities started coverage on shares of Global Payments in a research report on Wednesday, April 12th. They set an “overweight” rating and a $91.00 price target for the company. Zacks Investment Research upgraded shares of Global Payments from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $90.00 price target on shares of Global Payments in a research report on Friday, July 7th. Mizuho started coverage on shares of Global Payments in a research report on Tuesday, June 27th. They set a “buy” rating and a $105.00 price target for the company. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Global Payments in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Global Payments has a consensus rating of “Buy” and a consensus price target of $93.09.

In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $90.94, for a total value of $54,564.00. Following the completion of the sale, the director now owns 47,893 shares in the company, valued at approximately $4,355,389.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert H. B. Baldwin, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the sale, the director now owns 183,177 shares of the company’s stock, valued at approximately $17,401,815. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,702 shares of company stock valued at $2,847,076. Insiders own 0.93% 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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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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