Global Payments Inc. (GPN) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 54.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,900 shares of the business services provider’s stock after buying an additional 6,285 shares during the quarter. Amalgamated Bank’s holdings in Global Payments were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Global Payments by 0.8% during the first quarter. Wellington Management Group LLP now owns 16,940,401 shares of the business services provider’s stock valued at $1,366,752,000 after buying an additional 126,712 shares in the last quarter. FMR LLC grew its holdings in shares of Global Payments by 12.4% during the first quarter. FMR LLC now owns 14,898,661 shares of the business services provider’s stock valued at $1,202,023,000 after buying an additional 1,647,907 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Global Payments by 2.4% during the first quarter. Vanguard Group Inc. now owns 14,762,938 shares of the business services provider’s stock valued at $1,191,073,000 after buying an additional 341,212 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Global Payments by 3,093.1% during the first quarter. BlackRock Inc. now owns 13,529,075 shares of the business services provider’s stock valued at $1,091,527,000 after buying an additional 13,105,378 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Global Payments by 1.1% during the first quarter. State Street Corp now owns 5,989,099 shares of the business services provider’s stock valued at $483,201,000 after buying an additional 63,278 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.themarketsdaily.com/2017/09/21/global-payments-inc-gpn-shares-bought-by-amalgamated-bank.html.

Shares of Global Payments Inc. (GPN) opened at 95.62 on Thursday. Global Payments Inc. has a 12 month low of $64.63 and a 12 month high of $98.14. The firm has a 50 day moving average price of $95.36 and a 200-day moving average price of $88.50. The firm has a market cap of $14.58 billion, a PE ratio of 74.18 and a beta of 1.11.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The company had revenue of $847.90 million during the quarter, compared to analysts’ expectations of $837.76 million. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. Global Payments’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. On average, analysts predict that Global Payments Inc. will post $3.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Thursday, September 14th. Global Payments’s payout ratio is 2.45%.

In other news, Director Robert H. B. Baldwin, Jr. sold 4,200 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $89.87, for a total value of $377,454.00. Following the completion of the transaction, the director now owns 195,477 shares in the company, valued at approximately $17,567,517.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $90.94, for a total value of $54,564.00. Following the completion of the transaction, the director now owns 47,893 shares of the company’s stock, valued at approximately $4,355,389.42. The disclosure for this sale can be found here. Insiders sold a total of 141,749 shares of company stock valued at $13,421,277 in the last 90 days. 0.93% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on the company. J P Morgan Chase & Co lifted their price target on Global Payments from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, September 12th. Bank of America Corporation assumed coverage on Global Payments in a report on Tuesday, September 12th. They set a “buy” rating and a $110.00 price target on the stock. Cowen and Company reiterated a “buy” rating and set a $102.00 price target on shares of Global Payments in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $103.00 price target on shares of Global Payments in a report on Wednesday, September 6th. Finally, Robert W. Baird reiterated a “buy” rating and set a $106.00 price target on shares of Global Payments in a report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $97.75.

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.

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

Latest News

Leave a Reply