Bbva Compass Bancshares Inc. lessened its holdings in Global Payments Inc (NYSE:GPN) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,225 shares of the business services provider’s stock after selling 681 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Global Payments were worth $2,027,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its position in shares of Global Payments by 9.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock worth $297,000 after purchasing an additional 283 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Global Payments by 3.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 14,700 shares of the business services provider’s stock worth $1,474,000 after purchasing an additional 500 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Global Payments by 2.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 25,951 shares of the business services provider’s stock worth $2,601,000 after purchasing an additional 508 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Global Payments by 12.5% in the third quarter. BB&T Securities LLC now owns 4,703 shares of the business services provider’s stock worth $446,000 after purchasing an additional 522 shares in the last quarter. Finally, Standard Life Aberdeen plc lifted its position in shares of Global Payments by 2.2% in the fourth quarter. Standard Life Aberdeen plc now owns 27,501 shares of the business services provider’s stock worth $2,757,000 after purchasing an additional 580 shares in the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.
In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $101.55, for a total value of $60,930.00. Following the transaction, the director now directly owns 44,893 shares in the company, valued at $4,558,884.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 3,600 shares of company stock worth $378,918. Corporate insiders own 0.93% of the company’s stock.
Global Payments Inc (NYSE GPN) opened at $114.70 on Tuesday. Global Payments Inc has a fifty-two week low of $76.47 and a fifty-two week high of $115.24. The company has a market cap of $18,250.00, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.13 and a quick ratio of 1.14.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. Global Payments had a net margin of 11.78% and a return on equity of 17.94%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $943.39 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. equities research analysts predict that Global Payments Inc will post 4.82 EPS for the current year.
Global Payments declared that its board has approved a stock buyback plan on Thursday, February 15th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.01 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Global Payments’s dividend payout ratio is currently 1.34%.
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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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