Global Payments Inc. (GPN) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans boosted its position in Global Payments Inc. (NYSE:GPN) by 1,501.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,500 shares of the business services provider’s stock after buying an additional 83,910 shares during the period. Thrivent Financial For Lutherans owned approximately 0.06% of Global Payments worth $8,083,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of GPN. Comerica Bank increased its position in Global Payments by 11.6% in the 1st quarter. Comerica Bank now owns 38,953 shares of the business services provider’s stock valued at $3,193,000 after buying an additional 4,057 shares in the last quarter. Karp Capital Management Corp bought a new stake in Global Payments in the 1st quarter valued at about $2,096,000. Mitsubishi UFJ Trust & Banking Corp increased its position in Global Payments by 5.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 318,558 shares of the business services provider’s stock valued at $25,701,000 after buying an additional 16,055 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Global Payments in the 1st quarter valued at about $437,000. Finally, Pacer Advisors Inc. increased its position in Global Payments by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,732 shares of the business services provider’s stock valued at $220,000 after buying an additional 88 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.
Global Payments Inc. (GPN) opened at 95.82 on Friday. The company has a 50-day moving average price of $95.36 and a 200 day moving average price of $88.50. Global Payments Inc. has a 1-year low of $64.63 and a 1-year high of $98.14. The stock has a market cap of $14.61 billion, a P/E ratio of 74.34 and a beta of 1.11.
Global Payments (NYSE:GPN) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.76 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. Equities analysts expect that Global Payments Inc. will post $3.95 earnings per share 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Thursday, September 14th. Global Payments’s dividend payout ratio (DPR) is presently 2.45%.
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A number of analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $103.00 target price (up from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Bank of America Corporation assumed coverage on Global Payments in a research report on Tuesday, September 12th. They issued a “buy” rating and a $110.00 target price for the company. J P Morgan Chase & Co boosted their target price on Global Payments from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, September 12th. Cowen and Company reaffirmed a “buy” rating and issued a $102.00 target price on shares of Global Payments in a research report on Friday, September 8th. Finally, KeyCorp assumed coverage on Global Payments in a research report on Friday. They issued an “overweight” rating and a $110.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $98.26.
In other Global Payments news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $97.70, for a total value of $58,620.00. Following the completion of the sale, the director now owns 46,693 shares of the company’s stock, valued at approximately $4,561,906.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 8,200 shares of Global Payments stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $97.61, for a total transaction of $800,402.00. Following the completion of the sale, the director now directly owns 172,497 shares of the company’s stock, valued at approximately $16,837,432.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,749 shares of company stock valued at $13,421,277. 0.93% of the stock is currently owned by insiders.
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.
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