Affinity Wealth Management Holds Stake in Global Payments Inc. (GPN)
Affinity Wealth Management held its position in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,860 shares of the business services provider’s stock at the end of the 2nd quarter. Affinity Wealth Management’s holdings in Global Payments were worth $349,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Thompson Davis & CO. Inc. lifted its holdings in shares of Global Payments by 0.8% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after buying an additional 10 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Global Payments by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,329 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 34 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Global Payments by 0.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock valued at $1,083,000 after buying an additional 41 shares during the period. First Personal Financial Services lifted its holdings in shares of Global Payments by 1.7% in the 2nd quarter. First Personal Financial Services now owns 2,875 shares of the business services provider’s stock valued at $260,000 after buying an additional 47 shares during the period. Finally, Keybank National Association OH lifted its holdings in shares of Global Payments by 1.5% in the 2nd quarter. Keybank National Association OH now owns 3,792 shares of the business services provider’s stock valued at $342,000 after buying an additional 56 shares during the period. 97.87% of the stock is owned by institutional investors and hedge funds.
Shares of Global Payments Inc. (NYSE GPN) traded up 0.14% during midday trading on Thursday, hitting $97.51. The stock had a trading volume of 341,546 shares. The company’s 50-day moving average price is $95.04 and its 200-day moving average price is $87.86. Global Payments Inc. has a 12-month low of $64.63 and a 12-month high of $98.14. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 75.65 and a beta of 1.11.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The company 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 company’s quarterly revenue was up 18.4% compared to the same quarter last year. Equities research analysts forecast that Global Payments Inc. will post $3.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 3.07%.
In other news, Director William I. Jacobs sold 600 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $90.52, for a total transaction of $54,312.00. Following the completion of the sale, the director now owns 41,275 shares in the company, valued at approximately $3,736,213. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Guido Francesco Sacchi sold 25,927 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $95.22, for a total value of $2,468,768.94. Following the sale, the executive vice president now owns 34,622 shares of the company’s stock, valued at approximately $3,296,706.84. The disclosure for this sale can be found here. Insiders have sold a total of 132,949 shares of company stock valued at $12,557,401 in the last quarter. Insiders own 0.93% of the company’s stock.
Several analysts have recently commented on the company. Bank of America Corporation assumed coverage on Global Payments in a report on Tuesday. They issued a “buy” rating and a $110.00 price target for the company. Cowen and Company reissued a “buy” rating and issued a $102.00 price target on shares of Global Payments in a report on Friday, September 8th. J P Morgan Chase & Co raised their price target on Global Payments from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $103.00 price target (up from $102.00) on shares of Global Payments in a report on Friday, August 4th. Finally, Barclays PLC raised their price objective on Global Payments from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the stock. Global Payments has an average rating of “Buy” and an average price target of $97.34.
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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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