Blair William & Co. IL Has $1.84 Million Position in Global Payments Inc. $GPN

Key Points

• Blair William & Co. IL reduced its stake in Global Payments Inc. by 16.3% during Q2, now holding around 23,027 shares valued at approximately $1.84 million.
• Global Payments announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 1.2%.
• Analyst ratings have varied, with several upgrades and downgrades, leading to a consensus rating of "Hold" and a target price of $103.75.

Blair William & Co. IL reduced its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,027 shares of the business services provider's stock after selling 4,468 shares during the period. Blair William & Co. IL's holdings in Global Payments were worth $1,843,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Tectonic Advisors LLC boosted its position in shares of Global Payments by 6.1% during the 2nd quarter. Tectonic Advisors LLC now owns 4,953 shares of the business services provider's stock valued at $396,000 after acquiring an additional 286 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in shares of Global Payments by 54.8% during the 2nd quarter. Clear Creek Financial Management LLC now owns 3,368 shares of the business services provider's stock valued at $270,000 after acquiring an additional 1,192 shares in the last quarter. Focused Investors LLC boosted its position in shares of Global Payments by 33.9% during the 2nd quarter. Focused Investors LLC now owns 1,167,900 shares of the business services provider's stock valued at $93,479,000 after acquiring an additional 295,600 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Global Payments during the 2nd quarter valued at about $231,000. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Global Payments by 4.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 98,937 shares of the business services provider's stock valued at $7,919,000 after acquiring an additional 4,200 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Price Performance

Shares of GPN stock opened at $86.44 on Wednesday. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $120.00. The firm's 50 day moving average is $86.16 and its 200-day moving average is $82.08. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 0.80 and a beta of 0.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Global Payments (NYSE:GPN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.06 by $0.04. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business earned $2.93 earnings per share. Global Payments's quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 12th. Global Payments's dividend payout ratio is presently 17.48%.

Analyst Ratings Changes

A number of research firms have commented on GPN. Royal Bank Of Canada boosted their price target on shares of Global Payments from $86.00 to $93.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Mizuho upgraded shares of Global Payments from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $86.00 to $114.00 in a research report on Friday, July 25th. TD Cowen lowered shares of Global Payments from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Evercore ISI boosted their price target on shares of Global Payments from $85.00 to $90.00 and gave the company an "in-line" rating in a research report on Friday, August 8th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Global Payments in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $103.75.

Insider Buying and Selling at Global Payments

In related news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total transaction of $172,000.00. Following the completion of the sale, the general counsel directly owned 30,713 shares of the company's stock, valued at $2,641,318. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.01% of the stock is currently owned by company insiders.

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.

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