Zeke Capital Advisors LLC acquired a new stake in Global Payments Inc. (NYSE:GPN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,258 shares of the business services provider’s stock, valued at approximately $215,000.
Several other institutional investors have also bought and sold shares of GPN. Janus Henderson Group PLC increased its position in shares of Global Payments by 11,779.8% in the second quarter. Janus Henderson Group PLC now owns 2,292,798 shares of the business services provider’s stock valued at $207,086,000 after buying an additional 2,273,498 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Global Payments by 162.0% in the second quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock valued at $296,636,000 after buying an additional 2,030,880 shares in the last quarter. Capital International Investors purchased a new stake in shares of Global Payments in the second quarter valued at approximately $173,900,000. Capital Guardian Trust Co. purchased a new stake in shares of Global Payments in the second quarter valued at approximately $49,793,000. Finally, Vanguard Group Inc. increased its position in shares of Global Payments by 3.0% in the second quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock valued at $1,373,930,000 after buying an additional 448,864 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.
In other news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $97.70, for a total value of $58,620.00. Following the transaction, the director now owns 46,693 shares of the company’s stock, valued at approximately $4,561,906.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 8,200 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $97.61, for a total value of $800,402.00. Following the completion of the transaction, the director now directly owns 172,497 shares in the company, valued at approximately $16,837,432.17. The disclosure for this sale can be found here. Insiders have sold 37,800 shares of company stock worth $3,750,676 in the last three months. 0.93% of the stock is currently owned by corporate insiders.
Global Payments Inc. (GPN) traded up $0.19 during midday trading on Monday, reaching $100.75. The company’s stock had a trading volume of 1,093,700 shares, compared to its average volume of 1,115,551. The firm has a market capitalization of $16,033.60, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Global Payments Inc. has a one year low of $66.08 and a one year high of $104.90.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. equities research analysts predict that Global Payments Inc. will post 3.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. 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, December 14th. Global Payments’s dividend payout ratio (DPR) is currently 2.23%.
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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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