Commonwealth Bank of Australia grew its holdings in Global Payments Inc. (NYSE:GPN) by 13.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,466 shares of the business services provider’s stock after purchasing an additional 176 shares during the quarter. Commonwealth Bank of Australia’s holdings in Global Payments were worth $131,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Global Payments by 0.3% in the second 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 purchasing an additional 34 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Global Payments by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock valued at $1,083,000 after purchasing an additional 41 shares during the last quarter. First Personal Financial Services grew its position in shares of Global Payments by 1.7% in the second quarter. First Personal Financial Services now owns 2,875 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 47 shares during the last quarter. Keybank National Association OH grew its position in shares of Global Payments by 1.5% in the second quarter. Keybank National Association OH now owns 3,792 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 56 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. grew its position in shares of Global Payments by 0.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 20,975 shares of the business services provider’s stock valued at $1,894,000 after purchasing an additional 67 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

In related news, Director Robert H. B. Baldwin, Jr. sold 4,200 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $89.87, for a total transaction of $377,454.00. Following the sale, the director now owns 195,477 shares in the company, valued at approximately $17,567,517.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction that occurred 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 sale, the director now owns 41,275 shares in the company, valued at approximately $3,736,213. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,149 shares of company stock worth $13,362,657. Company insiders own 0.93% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first posted by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/09/20/global-payments-inc-gpn-shares-bought-by-commonwealth-bank-of-australia.html.

Global Payments Inc. (NYSE GPN) opened at 96.08 on Wednesday. Global Payments Inc. has a 52 week low of $64.63 and a 52 week high of $98.14. The firm’s 50-day moving average is $95.36 and its 200-day moving average is $88.50. The company has a market cap of $14.65 billion, a PE ratio of 74.54 and a beta of 1.11.

Global Payments (NYSE:GPN) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $847.90 million for the quarter, compared to analyst estimates of $837.76 million. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. On average, analysts expect that Global Payments Inc. will post $3.95 EPS for the current fiscal year.

The firm 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 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 payout ratio is presently 2.45%.

Several equities research analysts have recently issued reports on GPN shares. Stifel Nicolaus started coverage on Global Payments in a research report on Thursday, June 1st. They issued a “buy” rating and a $102.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $90.00 price target on shares of Global Payments in a research report on Friday, July 7th. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Thursday, July 6th. Mizuho started coverage on Global Payments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $100.00 price target on shares of Global Payments in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the stock. Global Payments presently has a consensus rating of “Buy” and a consensus price target of $97.75.

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.

Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPN).

Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.