Suntrust Banks Inc. lifted its stake in Global Payments Inc (NYSE:GPN) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,193 shares of the business services provider’s stock after purchasing an additional 1,682 shares during the period. Suntrust Banks Inc.’s holdings in Global Payments were worth $3,527,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its stake 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 valued at $297,000 after purchasing an additional 283 shares during the period. New Mexico Educational Retirement Board lifted its stake 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 valued at $1,474,000 after purchasing an additional 500 shares during the period. Mutual of America Capital Management LLC lifted its stake 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 valued at $2,601,000 after purchasing an additional 508 shares during the period. BB&T Securities LLC lifted its stake 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 valued at $446,000 after purchasing an additional 522 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Global Payments by 6.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,451 shares of the business services provider’s stock valued at $947,000 after purchasing an additional 582 shares during the period. Hedge funds and other institutional investors own 95.74% of the company’s stock.
In related news, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 44,893 shares in the company, valued at $4,558,884.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 3,600 shares of company stock valued at $378,918. Insiders own 0.93% of the company’s stock.
Shares of Global Payments Inc (GPN) opened at $114.70 on Tuesday. The company has a market cap of $18,222.71, a PE ratio of 38.49, a PEG ratio of 1.50 and a beta of 1.14. Global Payments Inc has a twelve month low of $76.47 and a twelve month high of $115.24. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.15.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $943.39 million. Global Payments had a net margin of 11.78% and a return on equity of 17.94%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. research analysts predict that Global Payments Inc will post 4.82 EPS for the current year.
Global Payments announced that its board has initiated a share repurchase plan on Thursday, February 15th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is presently 1.34%.
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Global Payments 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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