Fmr LLC lessened its holdings in shares of Global Payments Inc. (NYSE:GPN) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,041,322 shares of the business services provider’s stock after selling 857,339 shares during the quarter. Fmr LLC owned approximately 9.21% of Global Payments worth $1,268,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. increased its position in Global Payments by 0.8% during the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after buying an additional 10 shares during the last quarter. Commonwealth Bank of Australia increased its position in Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares during the last quarter. Stephens Inc. AR acquired a new position in Global Payments during the second quarter worth approximately $143,000. Northwestern Mutual Wealth Management Co. increased its position in Global Payments by 28.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock worth $164,000 after buying an additional 400 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in Global Payments by 86.6% during the first quarter. Morgan Dempsey Capital Management LLC now owns 2,004 shares of the business services provider’s stock worth $162,000 after buying an additional 930 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

GPN has been the topic of a number of recent analyst reports. Barclays PLC boosted their price target on Global Payments from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Credit Suisse Group reissued an “outperform” rating and set a $97.00 price target (up previously from $91.00) on shares of Global Payments in a research report on Thursday, July 13th. Robert W. Baird reissued a “buy” rating and set a $106.00 price target on shares of Global Payments in a research report on Tuesday, September 5th. William Blair reissued an “outperform” rating on shares of Global Payments in a research report on Monday, July 24th. Finally, J P Morgan Chase & Co boosted their price target on Global Payments from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company. Global Payments presently has a consensus rating of “Buy” and an average target price of $98.26.

In related news, Director Robert H. B. Baldwin, Jr. sold 4,200 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $89.87, for a total transaction of $377,454.00. Following the transaction, the director now owns 195,477 shares in the company, valued at $17,567,517.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $98.00, for a total transaction of $58,800.00. Following the transaction, the director now owns 40,075 shares in the company, valued at approximately $3,927,350. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,749 shares of company stock worth $13,421,277. 0.93% of the stock is owned by corporate insiders.

Shares of Global Payments Inc. (GPN) traded up 0.04% on Friday, reaching $96.38. 103,456 shares of the company’s stock traded hands. The firm has a market cap of $14.70 billion, a P/E ratio of 74.77 and a beta of 1.11. Global Payments Inc. has a one year low of $64.63 and a one year high of $98.14. The company’s 50-day moving average price is $95.36 and its 200 day moving average price is $88.50.

Global Payments (NYSE:GPN) last announced 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 firm had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. During the same period last year, the firm earned $0.76 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities analysts forecast 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. Investors of record on Friday, September 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s payout ratio is presently 2.45%.

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About Global Payments

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.

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

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