Global Payments Inc (GPN) Holdings Reduced by Raymond James Financial Services Advisors Inc.

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Raymond James Financial Services Advisors Inc. trimmed its position in shares of Global Payments Inc (NYSE:GPN) by 39.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,854 shares of the business services provider’s stock after selling 6,459 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Global Payments were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted 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 during the period. Exane Derivatives boosted 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 during the period. Groesbeck Investment Management Corp NJ purchased a new position in Global Payments during the fourth quarter worth $249,000. Hsbc Holdings PLC boosted its stake in Global Payments by 1.3% during the third quarter. Hsbc Holdings PLC now owns 85,682 shares of the business services provider’s stock worth $10,913,000 after buying an additional 1,102 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in Global Payments by 10.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,597 shares of the business services provider’s stock worth $165,000 after buying an additional 148 shares during the period. 98.14% of the stock is owned by institutional investors.

In related news, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the company’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $110.82, for a total value of $332,460.00. Following the completion of the sale, the director now directly owns 72,399 shares of the company’s stock, valued at $8,023,257.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was 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 directly owns 68,817 shares of the company’s stock, valued at $8,360,577.33. The disclosure for this sale can be found here. Insiders have sold 212,629 shares of company stock valued at $27,541,772 over the last three months. Insiders own 0.98% of the company’s stock.

Several research analysts have commented on GPN shares. Nomura reaffirmed a “sell” rating and set a $91.00 price objective (down from $97.00) on shares of Global Payments in a research note on Tuesday, December 18th. Piper Jaffray Companies dropped their price objective on shares of Global Payments from $155.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 21st. KeyCorp dropped their price objective on shares of Global Payments from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Zacks Investment Research lowered shares of Global Payments from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Goldman Sachs Group raised shares of Global Payments from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $122.00 to $128.00 in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. Global Payments has an average rating of “Buy” and a consensus target price of $134.67.

Shares of GPN opened at $136.15 on Friday. The firm has a market cap of $21.05 billion, a PE ratio of 26.23, a P/E/G ratio of 1.31 and a beta of 1.20. Global Payments Inc has a 12-month low of $94.81 and a 12-month high of $137.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.20.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 13th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Global Payments had a net margin of 13.43% and a return on equity of 19.11%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share. Analysts predict that Global Payments Inc will post 5.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, March 14th. Global Payments’s dividend payout ratio is currently 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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