Shine Investment Advisory Services Inc. reduced its holdings in Global Payments Inc (NYSE:GPN) by 45.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 419 shares of the business services provider’s stock after selling 352 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Global Payments were worth $57,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of GPN. Lunia Capital LP bought a new position in Global Payments in the 4th quarter worth approximately $18,742,000. Norges Bank bought a new stake in shares of Global Payments during the fourth quarter valued at approximately $131,343,000. Boston Partners bought a new stake in shares of Global Payments during the fourth quarter valued at approximately $122,196,000. Marshall Wace North America L.P. increased its position in shares of Global Payments by 43.5% during the third quarter. Marshall Wace North America L.P. now owns 2,162,102 shares of the business services provider’s stock valued at $275,452,000 after purchasing an additional 655,495 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Global Payments by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock valued at $575,914,000 after purchasing an additional 581,025 shares during the period. 98.80% of the stock is currently owned by institutional investors.
Shares of GPN stock opened at $138.82 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $21.83 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.46 and a beta of 1.20. Global Payments Inc has a one year low of $94.81 and a one year high of $139.82.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, March 14th. Global Payments’s dividend payout ratio is 0.77%.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Global Payments from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. SunTrust Banks boosted their price objective on Global Payments to $155.00 and gave the company a “buy” rating in a research report on Tuesday. restated an “outperform” rating and set a $143.00 price objective (up from $130.00) on shares of Global Payments in a research report on Thursday, February 14th. ValuEngine upgraded Global Payments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, Mizuho boosted their price objective on Global Payments to $136.00 and gave the company a “buy” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $135.64.
In other Global Payments news, Director Alan M. Silberstein sold 4,276 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $132.43, for a total value of $566,270.68. Following the transaction, the director now owns 51,049 shares of the company’s stock, valued at $6,760,419.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $121.49, for a total value of $425,215.00. Following the completion of the transaction, the director now directly owns 68,817 shares in the company, valued at approximately $8,360,577.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 210,329 shares of company stock worth $27,306,584. 0.88% of the stock is owned by insiders.
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Global Payments Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.
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