TrimTabs Asset Management LLC lowered its holdings in shares of Global Payments Inc (NYSE:GPN) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,128 shares of the business services provider’s stock after selling 189 shares during the period. Global Payments comprises about 1.2% of TrimTabs Asset Management LLC’s portfolio, making the stock its 16th biggest holding. TrimTabs Asset Management LLC’s holdings in Global Payments were worth $1,486,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC grew its position in Global Payments by 19.0% during the 3rd quarter. Lindbrook Capital LLC now owns 400 shares of the business services provider’s stock worth $64,000 after acquiring an additional 64 shares during the last quarter. HighTower Advisors LLC grew its position in Global Payments by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 9,445 shares of the business services provider’s stock worth $1,508,000 after acquiring an additional 74 shares during the last quarter. First Allied Advisory Services Inc. grew its position in Global Payments by 5.7% during the 3rd quarter. First Allied Advisory Services Inc. now owns 1,422 shares of the business services provider’s stock worth $221,000 after acquiring an additional 77 shares during the last quarter. Advantage Investment Management LLC grew its position in shares of Global Payments by 32.4% in the 3rd quarter. Advantage Investment Management LLC now owns 331 shares of the business services provider’s stock valued at $53,000 after buying an additional 81 shares during the last quarter. Finally, Tarbox Family Office Inc. grew its position in shares of Global Payments by 130.7% in the 3rd quarter. Tarbox Family Office Inc. now owns 173 shares of the business services provider’s stock valued at $28,000 after buying an additional 98 shares during the last quarter. 87.74% of the stock is owned by institutional investors.
In related news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $179.70, for a total transaction of $107,820.00. Following the transaction, the director now directly owns 27,188 shares of the company’s stock, valued at approximately $4,885,683.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kriss Cloninger III sold 7,877 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $169.15, for a total value of $1,332,394.55. Following the transaction, the director now directly owns 26,155 shares in the company, valued at $4,424,118.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,677 shares of company stock worth $1,642,169. 0.88% of the stock is owned by company insiders.
GPN stock traded down $0.60 during trading on Tuesday, reaching $187.37. 1,517,212 shares of the stock were exchanged, compared to its average volume of 1,545,586. The firm’s 50 day moving average is $180.50 and its 200 day moving average is $167.75. Global Payments Inc has a twelve month low of $105.40 and a twelve month high of $189.60. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $55.42 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. As a group, analysts predict that Global Payments Inc will post 5.82 earnings per share for the current fiscal year.
The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.195 per share. This is an increase from Global Payments’s previous dividend of $0.01. The ex-dividend date was Thursday, December 12th. Global Payments’s dividend payout ratio is 15.03%.
A number of research firms have commented on GPN. BMO Capital Markets upped their price target on Global Payments from $162.00 to $186.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $203.00 price target on Global Payments and gave the company a “buy” rating in a research report on Friday, November 1st. Cowen reiterated an “outperform” rating and issued a $206.00 price target (up previously from $195.00) on shares of Global Payments in a research report on Friday, December 13th. SunTrust Banks upped their price target on Global Payments from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Robert W. Baird upped their price target on Global Payments from $188.00 to $203.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $181.13.
About Global Payments
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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