ClariVest Asset Management LLC lowered its position in Global Payments Inc. (NYSE:GPN) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,135 shares of the business services provider’s stock after selling 6,734 shares during the period. ClariVest Asset Management LLC owned about 0.10% of Global Payments worth $14,648,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Thompson Davis & CO. Inc. raised its position in shares of Global Payments by 0.8% in the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after acquiring an additional 10 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Global Payments by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,329 shares of the business services provider’s stock worth $1,023,000 after acquiring an additional 34 shares during the period. First Personal Financial Services raised its position in shares of Global Payments by 1.7% in the second quarter. First Personal Financial Services now owns 2,875 shares of the business services provider’s stock worth $260,000 after acquiring an additional 47 shares during the period. Keybank National Association OH raised its position in shares of Global Payments by 1.5% in the second quarter. Keybank National Association OH now owns 3,792 shares of the business services provider’s stock worth $342,000 after acquiring an additional 56 shares during the period. Finally, HPM Partners LLC raised its position in shares of Global Payments by 0.6% in the second quarter. HPM Partners LLC now owns 9,384 shares of the business services provider’s stock worth $848,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 97.90% of the company’s stock.

In other Global Payments news, Director William I. Jacobs sold 600 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $98.00, for a total value of $58,800.00. Following the sale, the director now directly owns 40,075 shares of the company’s stock, valued at approximately $3,927,350. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $99.82, for a total transaction of $2,595,320.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,555 shares of company stock worth $6,951,810. Insiders own 0.93% of the company’s stock.

Global Payments Inc. (NYSE:GPN) traded up $0.83 during trading on Friday, reaching $100.22. 862,500 shares of the company’s stock were exchanged, compared to its average volume of 1,123,265. The firm has a market cap of $15,817.16, a price-to-earnings ratio of 26.72, a PEG ratio of 1.83 and a beta of 1.14. Global Payments Inc. has a 12 month low of $65.91 and a 12 month high of $104.83. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $917.31 million. During the same period in the prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts predict that Global Payments Inc. will post 3.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio is presently 2.23%.

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A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $113.00 price objective on shares of Global Payments in a research report on Friday. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $120.00 price objective on shares of Global Payments in a research report on Friday, November 10th. Nomura upped their price objective on shares of Global Payments from $83.00 to $85.00 and gave the stock a “reduce” rating in a research report on Thursday, November 9th. Finally, Morgan Stanley boosted their target price on shares of Global Payments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $105.01.

About Global Payments

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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