Global Payments Inc. (NYSE:GPN) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 59.6% in the third quarter, Holdings Channel reports. The firm owned 383 shares of the business services provider’s stock after acquiring an additional 143 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Global Payments were worth $39,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GPN. New Covenant Trust Company N.A. acquired a new stake in Global Payments during the 1st quarter worth approximately $31,000. LRI Investments LLC purchased a new position in Global Payments in the 1st quarter worth approximately $32,000. POM Investment Strategies LLC purchased a new position in Global Payments in the 2nd quarter worth approximately $32,000. North Star Investment Management Corp. boosted its holdings in Global Payments by 154.7% in the 1st quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock worth $47,000 after acquiring an additional 215 shares during the period. Finally, Quarry LP boosted its holdings in Global Payments by 134.4% in the 2nd quarter. Quarry LP now owns 511 shares of the business services provider’s stock worth $49,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GPN. JPMorgan Chase & Co. upped their price target on Global Payments from $111.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. BTIG Research cut Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Keefe, Bruyette & Woods decreased their price target on Global Payments from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 8th. TD Cowen decreased their price target on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, Royal Bank of Canada decreased their price target on Global Payments from $158.00 to $143.00 and set an “outperform” rating for the company in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $137.65.

Global Payments Price Performance

Shares of NYSE GPN opened at $99.53 on Friday. 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 business’s fifty day moving average price is $105.69 and its two-hundred day moving average price is $105.26. The firm has a market capitalization of $25.41 billion, a PE ratio of 19.75, a P/E/G ratio of 0.74 and a beta of 0.98.

Global Payments (NYSE:GPN) last issued its earnings results 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. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $2.48 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts expect that Global Payments Inc. will post 11.07 EPS for the current year.

Global Payments Dividend Announcement

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

Insider Activity

In other news, CAO David M. Sheffield sold 1,651 shares of the firm’s stock in a transaction 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 directly owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

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.