Global Payments Inc (NYSE:GPN) Shares Bought by Executive Wealth Management LLC

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Executive Wealth Management LLC lifted its stake in Global Payments Inc (NYSE:GPN) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,667 shares of the business services provider’s stock after acquiring an additional 1,099 shares during the period. Executive Wealth Management LLC’s holdings in Global Payments were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lenox Wealth Advisors LLC acquired a new stake in shares of Global Payments in the 2nd quarter worth approximately $25,000. Cornerstone Advisors Inc. lifted its stake in shares of Global Payments by 114.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 202 shares of the business services provider’s stock worth $28,000 after acquiring an additional 108 shares during the period. Berman Capital Advisors LLC lifted its stake in shares of Global Payments by 317.5% in the 1st quarter. Berman Capital Advisors LLC now owns 238 shares of the business services provider’s stock worth $32,000 after acquiring an additional 181 shares during the period. Advisory Services Network LLC lifted its stake in shares of Global Payments by 123.4% in the 2nd quarter. Advisory Services Network LLC now owns 277 shares of the business services provider’s stock worth $45,000 after acquiring an additional 153 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in shares of Global Payments by 171.2% in the 1st quarter. Lindbrook Capital LLC now owns 320 shares of the business services provider’s stock worth $43,000 after acquiring an additional 202 shares during the period. 98.22% of the stock is owned by institutional investors.

In other news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $165.05, for a total transaction of $99,030.00. Following the sale, the director now owns 30,188 shares in the company, valued at $4,982,529.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ruth Ann Marshall sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $160.24, for a total transaction of $801,200.00. Following the sale, the director now owns 43,677 shares in the company, valued at approximately $6,998,802.48. The disclosure for this sale can be found here. Insiders have sold 6,300 shares of company stock worth $1,010,795 in the last 90 days. 0.88% of the stock is owned by company insiders.

NYSE GPN opened at $158.79 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $162.83. Global Payments Inc has a 12 month low of $94.81 and a 12 month high of $172.20. The company has a market cap of $25.08 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.63 and a beta of 1.01.

Global Payments (NYSE:GPN) last released its earnings results on Tuesday, July 30th. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.05. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts forecast that Global Payments Inc will post 5.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Global Payments’s dividend payout ratio is currently 0.77%.

GPN has been the subject of a number of research analyst reports. Deutsche Bank upped their price target on shares of Global Payments from $162.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research raised shares of Global Payments from a “sell” rating to a “hold” rating and set a $163.00 price target for the company in a research note on Tuesday, May 7th. Nomura upped their price target on shares of Global Payments from $105.00 to $120.00 and gave the stock a “reduce” rating in a research note on Tuesday, August 6th. Barclays upped their price target on shares of Global Payments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Cantor Fitzgerald upped their price target on shares of Global Payments from $143.00 to $163.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the stock. Global Payments presently has an average rating of “Buy” and an average target price of $164.74.

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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