Vanguard Personalized Indexing Management LLC Acquires 759 Shares of Global Payments Inc. (NYSE:GPN)

Vanguard Personalized Indexing Management LLC grew its holdings in Global Payments Inc. (NYSE:GPN) by 5.3% in the second quarter, Holdings Channel reports. The firm owned 15,016 shares of the business services provider’s stock after buying an additional 759 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Global Payments were worth $1,430,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GPN. Robeco Institutional Asset Management B.V. raised its position in Global Payments by 26.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,922 shares of the business services provider’s stock worth $48,000 after buying an additional 7,369 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Global Payments by 6.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,656 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 171 shares during the last quarter. Corient Private Wealth LLC lifted its position in Global Payments by 4.1% during the fourth quarter. Corient Private Wealth LLC now owns 22,795 shares of the business services provider’s stock valued at $2,895,000 after purchasing an additional 904 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Global Payments by 28.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 14,978 shares of the business services provider’s stock worth $1,902,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Commerce Bank grew its position in Global Payments by 10.6% in the 4th quarter. Commerce Bank now owns 13,893 shares of the business services provider’s stock worth $1,764,000 after purchasing an additional 1,331 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of several research analyst reports. Royal Bank of Canada lowered their price target on Global Payments from $172.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. TD Cowen dropped their target price on Global Payments from $152.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. BNP Paribas raised shares of Global Payments to a “strong sell” rating in a research report on Wednesday, September 4th. Wells Fargo & Company initiated coverage on shares of Global Payments in a report on Wednesday, June 12th. They issued an “equal weight” rating and a $100.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Global Payments from $111.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.59.

Insiders Place Their Bets

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $100.73, for a total value of $166,305.23. Following the transaction, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.98% of the stock is owned by insiders.

Global Payments Stock Down 2.0 %

Shares of GPN opened at $110.69 on Monday. The business’s 50 day simple moving average is $105.52 and its 200-day simple moving average is $110.01. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $28.25 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 0.70 and a beta of 0.98.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.90 by $0.03. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $2.48 earnings per share. Global Payments’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Global Payments Inc. will post 11.07 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, September 13th. Global Payments’s payout ratio is currently 19.84%.

Global Payments Company 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.