Oribel Capital Management LP Acquires Shares of 20,200 Global Payments Inc (NYSE:GPN)

Share on StockTwits

Oribel Capital Management LP acquired a new position in shares of Global Payments Inc (NYSE:GPN) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 20,200 shares of the business services provider’s stock, valued at approximately $2,758,000.

A number of other hedge funds have also recently bought and sold shares of GPN. Lunia Capital LP bought a new position in Global Payments during the 4th quarter worth $18,742,000. Norges Bank bought a new position in Global Payments during the 4th quarter worth $131,343,000. Boston Partners bought a new position in Global Payments during the 4th quarter worth $122,196,000. Coho Partners Ltd. bought a new position in Global Payments during the 1st quarter worth $118,168,000. Finally, Massachusetts Financial Services Co. MA increased its position in Global Payments by 9.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,447,043 shares of the business services provider’s stock worth $561,752,000 after buying an additional 449,751 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 4,250 shares of Global Payments stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $146.36, for a total value of $622,030.00. Following the transaction, the director now owns 48,382 shares in the company, valued at $7,081,189.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.96, for a total value of $97,272.00. Following the completion of the transaction, the director now owns 40,355 shares in the company, valued at approximately $5,607,730.80. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

Shares of NYSE GPN traded up $0.42 during mid-day trading on Thursday, reaching $159.12. The company had a trading volume of 19,675 shares, compared to its average volume of 2,002,617. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.03 and a current ratio of 1.03. Global Payments Inc has a one year low of $94.81 and a one year high of $162.81. The stock has a market capitalization of $24.98 billion, a P/E ratio of 30.66, a PEG ratio of 1.61 and a beta of 1.08.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.12. Global Payments had a return on equity of 19.83% and a net margin of 13.69%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned $1.13 earnings per share. Global Payments’s revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Global Payments Inc will post 5.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Thursday, June 13th. Global Payments’s payout ratio is currently 0.77%.

GPN has been the topic of several recent research reports. Robert W. Baird increased their price objective on Global Payments from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. SunTrust Banks increased their price objective on Global Payments to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. TheStreet upgraded Global Payments from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group initiated coverage on Global Payments in a research report on Thursday, February 28th. They set a “buy” rating and a $150.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $146.31.

COPYRIGHT VIOLATION WARNING: This news story was reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4370467/oribel-capital-management-lp-acquires-shares-of-20200-global-payments-inc-nysegpn.html.

About Global Payments

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.

Read More: Beige Book

Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc (NYSE:GPN).

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

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Oribel Capital Management LP Acquires Shares of 20,200 Global Payments Inc
Oribel Capital Management LP Acquires Shares of 20,200 Global Payments Inc
Sit Investment Associates Inc. Has $15.55 Million Stake in Target Co.
Sit Investment Associates Inc. Has $15.55 Million Stake in Target Co.
SRB Corp Invests $750,000 in Tractor Supply  Stock
SRB Corp Invests $750,000 in Tractor Supply Stock
SRB Corp Acquires 7,201 Shares of Freeport-McMoRan Inc
SRB Corp Acquires 7,201 Shares of Freeport-McMoRan Inc
Inovio Pharmaceuticals Inc  Receives $7.22 Average Price Target from Brokerages
Inovio Pharmaceuticals Inc Receives $7.22 Average Price Target from Brokerages
BitDice Price Up 20.6% Over Last 7 Days
BitDice Price Up 20.6% Over Last 7 Days


© 2006-2019 Ticker Report