Global Payments Inc. (NYSE:GPN) Shares Purchased by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC grew its stake in Global Payments Inc. (NYSE:GPN) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 276,912 shares of the business services provider’s stock after buying an additional 5,000 shares during the quarter. Global Payments comprises 6.1% of Value Holdings Management CO. LLC’s portfolio, making the stock its 7th largest holding. Value Holdings Management CO. LLC’s holdings in Global Payments were worth $27,282,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oak Thistle LLC acquired a new stake in shares of Global Payments in the 2nd quarter valued at $1,528,000. Arizona State Retirement System increased its holdings in shares of Global Payments by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 75,402 shares of the business services provider’s stock valued at $7,429,000 after acquiring an additional 1,570 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Global Payments by 9.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 209,931 shares of the business services provider’s stock worth $22,093,000 after purchasing an additional 18,220 shares during the last quarter. RFG Advisory LLC boosted its holdings in Global Payments by 4.9% in the first quarter. RFG Advisory LLC now owns 5,938 shares of the business services provider’s stock valued at $625,000 after purchasing an additional 280 shares in the last quarter. Finally, Compass Financial Advisors LLC purchased a new position in Global Payments in the first quarter valued at approximately $310,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Global Payments Price Performance

Global Payments stock traded up $0.61 during mid-day trading on Monday, reaching $112.66. The company had a trading volume of 184,395 shares, compared to its average volume of 1,950,708. The stock’s 50-day simple moving average is $114.24 and its 200-day simple moving average is $111.64. Global Payments Inc. has a 1 year low of $92.27 and a 1 year high of $129.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $29.34 billion, a P/E ratio of 33.55, a P/E/G ratio of 0.79 and a beta of 0.97.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.20. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. Global Payments had a return on equity of 11.28% and a net margin of 9.23%. Global Payments’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $2.37 EPS. On average, equities analysts predict that Global Payments Inc. will post 9.76 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. Global Payments’s dividend payout ratio is presently 29.94%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GPN. Susquehanna decreased their price objective on shares of Global Payments from $180.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, November 1st. Citigroup upped their target price on Global Payments from $137.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Stephens lifted their price target on Global Payments from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Mizuho decreased their price target on shares of Global Payments from $123.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Finally, Oppenheimer raised their price objective on shares of Global Payments from $130.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.46.

Insider Buying and Selling at Global Payments

In related news, insider David Lawrence Green sold 17,920 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $112.53, for a total transaction of $2,016,537.60. Following the sale, the insider now owns 77,411 shares of the company’s stock, valued at $8,711,059.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider David Lawrence Green sold 17,920 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $112.53, for a total transaction of $2,016,537.60. Following the sale, the insider now owns 77,411 shares in the company, valued at $8,711,059.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joshua J. Whipple sold 37,096 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $127.28, for a total value of $4,721,578.88. Following the completion of the transaction, the chief financial officer now owns 39,772 shares of the company’s stock, valued at $5,062,180.16. The disclosure for this sale can be found here. Insiders own 1.30% 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 three segments: Merchant Solutions, Issuer Solutions, and Consumer 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.