Global Payments Inc (NYSE:GPN) Stake Lowered by HRT Financial LLC

HRT Financial LLC lessened its holdings in Global Payments Inc (NYSE:GPN) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,640 shares of the business services provider’s stock after selling 975 shares during the quarter. HRT Financial LLC’s holdings in Global Payments were worth $375,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley grew its stake in Global Payments by 184.0% during the third quarter. Morgan Stanley now owns 459,685 shares of the business services provider’s stock worth $58,564,000 after buying an additional 297,842 shares in the last quarter. Exane Derivatives grew its stake in Global Payments by 43,286.4% during the fourth quarter. Exane Derivatives now owns 9,545 shares of the business services provider’s stock worth $984,000 after buying an additional 9,523 shares in the last quarter. Groesbeck Investment Management Corp NJ acquired a new stake in Global Payments during the fourth quarter worth about $249,000. Nuveen Asset Management LLC grew its stake in Global Payments by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 22,188 shares of the business services provider’s stock worth $2,288,000 after buying an additional 182 shares in the last quarter. Finally, Lunia Capital LP acquired a new stake in Global Payments during the fourth quarter worth about $18,742,000. 98.80% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on GPN. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. SunTrust Banks raised their price target on shares of Global Payments to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Atlantic Securities downgraded shares of Global Payments from an “overweight” rating to a “neutral” rating and set a $133.36 price target on the stock. in a research note on Thursday, March 21st. Wedbush raised their price target on shares of Global Payments from $135.00 to $144.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group assumed coverage on shares of Global Payments in a research note on Thursday, February 28th. They issued a “buy” rating and a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $135.64.

In other news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $121.49, for a total transaction of $425,215.00. Following the completion of the sale, the director now owns 68,817 shares of the company’s stock, valued at approximately $8,360,577.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Silberstein sold 700 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $138.96, for a total transaction of $97,272.00. Following the sale, the director now directly owns 40,355 shares of the company’s stock, valued at approximately $5,607,730.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 210,329 shares of company stock valued at $27,306,584. Company insiders own 0.88% of the company’s stock.

Global Payments stock traded up $1.03 during mid-day trading on Friday, hitting $139.67. 796,481 shares of the stock were exchanged, compared to its average volume of 846,840. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.03 and a current ratio of 1.03. Global Payments Inc has a 12 month low of $94.81 and a 12 month high of $139.82. The firm has a market cap of $22.05 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.47 and a beta of 1.20.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, February 13th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.08. Global Payments had a net margin of 13.43% and a return on equity of 19.11%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $1.07 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts predict that Global Payments Inc will post 5.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s payout ratio is 0.77%.

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

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