LMR Partners LLP Grows Position in Global Payments Inc (GPN)

LMR Partners LLP boosted its holdings in Global Payments Inc (NYSE:GPN) by 356.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,484 shares of the business services provider’s stock after purchasing an additional 10,531 shares during the quarter. LMR Partners LLP’s holdings in Global Payments were worth $1,352,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GPN. Sun Life Financial INC raised its position in Global Payments by 15,728.6% in the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 1,101 shares during the last quarter. AHL Partners LLP purchased a new stake in Global Payments in the 2nd quarter valued at $5,627,000. Royal Bank of Canada raised its position in Global Payments by 11.3% in the 2nd quarter. Royal Bank of Canada now owns 236,518 shares of the business services provider’s stock valued at $21,361,000 after purchasing an additional 24,015 shares during the last quarter. Macquarie Group Ltd. raised its position in Global Payments by 273.6% in the 2nd quarter. Macquarie Group Ltd. now owns 28,578 shares of the business services provider’s stock valued at $2,582,000 after purchasing an additional 20,928 shares during the last quarter. Finally, Shelton Capital Management raised its position in Global Payments by 13.0% in the 2nd quarter. Shelton Capital Management now owns 18,126 shares of the business services provider’s stock valued at $1,637,000 after purchasing an additional 2,086 shares during the last quarter. Hedge funds and other institutional investors own 98.85% of the company’s stock.

GPN has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $122.00 price target on shares of Global Payments in a research report on Friday, December 22nd. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Stephens upgraded shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Tuesday, January 9th. Credit Suisse Group restated an “outperform” rating and set a $108.00 price objective (up previously from $100.00) on shares of Global Payments in a research report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Deutsche Bank restated a “buy” rating and set a $115.00 price objective (up previously from $100.00) on shares of Global Payments in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $105.26.

In related news, Director Alan M. Silberstein sold 600 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $106.05, for a total value of $63,630.00. Following the sale, the director now directly owns 44,293 shares of the company’s stock, valued at approximately $4,697,272.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 3,600 shares of company stock worth $366,270. Corporate insiders own 0.93% of the company’s stock.

Global Payments Inc (NYSE GPN) opened at $111.78 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Global Payments Inc has a 12 month low of $76.03 and a 12 month high of $113.26. The firm has a market cap of $17,725.28, a price-to-earnings ratio of 62.45, a PEG ratio of 1.66 and a beta of 1.11.

Global Payments (NYSE:GPN) last posted its quarterly earnings results 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. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $917.31 million. During the same period in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. research analysts predict that Global Payments Inc will post 3.81 earnings per share for the current year.

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

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