Candriam Luxembourg S.C.A. Has $5.49 Million Stake in Global Payments Inc (NYSE:GPN)

Candriam Luxembourg S.C.A. trimmed its holdings in Global Payments Inc (NYSE:GPN) by 32.3% in the fourth quarter, Holdings Channel reports. The fund owned 30,058 shares of the business services provider’s stock after selling 14,337 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Global Payments were worth $5,488,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Lindbrook Capital LLC grew its stake in Global Payments by 19.0% in the third quarter. Lindbrook Capital LLC now owns 400 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 64 shares during the period. First Financial Corp IN grew its stake in Global Payments by 38.5% in the fourth quarter. First Financial Corp IN now owns 234 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 65 shares during the period. First Hawaiian Bank grew its stake in Global Payments by 0.7% in the fourth quarter. First Hawaiian Bank now owns 10,394 shares of the business services provider’s stock valued at $1,898,000 after acquiring an additional 69 shares during the period. Optimum Investment Advisors grew its stake in Global Payments by 2.4% in the fourth quarter. Optimum Investment Advisors now owns 3,243 shares of the business services provider’s stock valued at $592,000 after acquiring an additional 75 shares during the period. Finally, First Allied Advisory Services Inc. grew its stake in Global Payments by 5.7% in the third quarter. First Allied Advisory Services Inc. now owns 1,422 shares of the business services provider’s stock valued at $221,000 after acquiring an additional 77 shares during the period. 87.83% of the stock is owned by hedge funds and other institutional investors.

In related news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $193.70, for a total transaction of $116,220.00. Following the sale, the director now owns 26,588 shares in the company, valued at $5,150,095.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joia M. Johnson bought 560 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of $178.45 per share, for a total transaction of $99,932.00. Following the acquisition, the director now directly owns 2,347 shares of the company’s stock, valued at approximately $418,822.15. The disclosure for this purchase can be found here. Corporate insiders own 0.88% of the company’s stock.

Several research analysts have recently weighed in on GPN shares. Cfra upped their price objective on Global Payments from $184.00 to $215.00 and gave the stock a “hold” rating in a research report on Wednesday. Wedbush upped their price objective on Global Payments from $185.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. UBS Group upped their price objective on Global Payments from $227.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday. Cantor Fitzgerald upped their price objective on Global Payments from $196.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank upped their price objective on Global Payments from $182.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $210.42.

GPN opened at $206.37 on Friday. Global Payments Inc has a 52-week low of $120.20 and a 52-week high of $206.18. The firm has a market capitalization of $62.02 billion, a PE ratio of 87.45, a PEG ratio of 1.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.22. The business’s 50-day simple moving average is $194.12 and its 200 day simple moving average is $174.32.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.11. Global Payments had a return on equity of 7.25% and a net margin of 8.77%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Global Payments’s revenue was up 125.7% on a year-over-year basis. On average, research analysts forecast that Global Payments Inc will post 7.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, March 12th. This is a positive change from Global Payments’s previous quarterly dividend of $0.01. Global Payments’s dividend payout ratio is presently 13.31%.

Global Payments Company 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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