8,107 Shares in Global Payments Inc. (NYSE:GPN) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in shares of Global Payments Inc. (NYSE:GPN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,107 shares of the business services provider’s stock, valued at approximately $794,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Optiver Holding B.V. acquired a new stake in Global Payments in the fourth quarter valued at about $28,000. NBC Securities Inc. acquired a new stake in Global Payments in the first quarter valued at about $30,000. Larson Financial Group LLC lifted its position in Global Payments by 546.6% in the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 317 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Global Payments in the first quarter valued at about $37,000. Finally, True Wealth Design LLC acquired a new stake in Global Payments in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Insider Activity

In other news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total transaction of $172,000.00. Following the completion of the sale, the general counsel directly owned 30,713 shares of the company’s stock, valued at $2,641,318. The trade was a 6.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Global Payments from $79.00 to $83.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Citigroup restated a “buy” rating on shares of Global Payments in a research report on Monday, April 21st. Barclays reduced their price objective on shares of Global Payments from $125.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Robert W. Baird reduced their price target on shares of Global Payments from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Global Payments from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.21.

Global Payments Stock Down 0.2%

GPN stock opened at $80.85 on Tuesday. The stock has a market capitalization of $19.62 billion, a P/E ratio of 14.14, a PEG ratio of 0.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. Global Payments Inc. has a one year low of $65.93 and a one year high of $120.00. The company has a 50 day moving average price of $79.92 and a two-hundred day moving average price of $87.30.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 6th. The business services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $3.06 by $0.04. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. Global Payments’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.93 EPS. As a group, sell-side analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Global Payments’s payout ratio is currently 17.48%.

Global Payments Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.