Global Payments Inc. (NYSE:GPN) Shares Purchased by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC lifted its position in Global Payments Inc. (NYSE:GPN) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,035 shares of the business services provider’s stock after purchasing an additional 553 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Global Payments were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPN. Pzena Investment Management LLC increased its holdings in shares of Global Payments by 194.2% during the 2nd quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider’s stock worth $621,149,000 after buying an additional 4,240,388 shares during the last quarter. Boston Partners grew its position in Global Payments by 0.3% in the first quarter. Boston Partners now owns 4,797,677 shares of the business services provider’s stock worth $639,967,000 after acquiring an additional 12,196 shares during the period. Dimensional Fund Advisors LP increased its stake in Global Payments by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider’s stock worth $189,307,000 after acquiring an additional 193,137 shares during the last quarter. Glenview Capital Management LLC raised its position in Global Payments by 5.5% in the fourth quarter. Glenview Capital Management LLC now owns 1,948,128 shares of the business services provider’s stock valued at $247,412,000 after purchasing an additional 100,993 shares during the period. Finally, Davis Asset Management L.P. raised its position in Global Payments by 18.2% in the second quarter. Davis Asset Management L.P. now owns 1,300,000 shares of the business services provider’s stock valued at $125,710,000 after purchasing an additional 200,000 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Global Payments

In related news, CAO David M. Sheffield sold 1,651 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $100.73, for a total transaction of $166,305.23. Following the transaction, the chief accounting officer now owns 20,531 shares in the company, valued at approximately $2,068,087.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.98% of the company’s stock.

Global Payments Price Performance

Shares of NYSE GPN opened at $101.02 on Monday. The stock’s 50-day simple moving average is $105.57 and its 200-day simple moving average is $108.98. The firm has a market capitalization of $25.79 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92.

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

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 13th. Global Payments’s dividend payout ratio (DPR) is currently 19.84%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GPN. Keefe, Bruyette & Woods reduced their price objective on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. William Blair cut shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. KeyCorp decreased their price objective on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. TD Cowen dropped their price objective on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price objective on 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, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.36.

About Global Payments

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.