Mitsubishi UFJ Trust & Banking Corp Has $29.95 Million Holdings in Global Payments Inc. (GPN)
Mitsubishi UFJ Trust & Banking Corp trimmed its position in Global Payments Inc. (NYSE:GPN) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,201 shares of the business services provider’s stock after selling 1,900 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Global Payments worth $29,954,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC increased its position in shares of Global Payments by 11,779.8% in the second quarter. Janus Henderson Group PLC now owns 2,292,798 shares of the business services provider’s stock valued at $207,086,000 after acquiring an additional 2,273,498 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Global Payments by 162.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock valued at $296,636,000 after purchasing an additional 2,030,880 shares in the last quarter. Capital International Investors bought a new stake in shares of Global Payments during the 2nd quarter valued at about $173,900,000. Capital Guardian Trust Co. bought a new stake in shares of Global Payments during the 2nd quarter valued at about $49,793,000. Finally, Vanguard Group Inc. boosted its stake in shares of Global Payments by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock valued at $1,373,930,000 after purchasing an additional 448,864 shares in the last quarter. 98.97% of the stock is owned by hedge funds and other institutional investors.
GPN has been the topic of several research reports. Nomura reissued a “sell” rating and set a $83.00 price objective on shares of Global Payments in a research note on Monday, October 16th. Morgan Stanley boosted their price objective on shares of Global Payments from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price objective (up previously from $103.00) on shares of Global Payments in a research note on Thursday, November 9th. Robert W. Baird reissued a “buy” rating and set a $106.00 price objective on shares of Global Payments in a research note on Tuesday, September 5th. Finally, Zacks Investment Research lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $105.01.
In other Global Payments news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $98.00, for a total transaction of $58,800.00. Following the completion of the sale, the director now directly owns 40,075 shares of the company’s stock, valued at $3,927,350. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was 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 ninety days, insiders have sold 37,800 shares of company stock valued at $3,750,676. 0.93% of the stock is owned by corporate insiders.
Shares of Global Payments Inc. (GPN) traded up $0.67 during mid-day trading on Wednesday, reaching $96.63. 1,328,500 shares of the company’s stock were exchanged, compared to its average volume of 1,120,750. Global Payments Inc. has a twelve month low of $68.98 and a twelve month high of $104.90. The stock has a market capitalization of $15,271.30, a PE ratio of 25.80, a P/E/G ratio of 1.76 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.
Global Payments (NYSE:GPN) last announced its earnings results 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $917.31 million. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. sell-side analysts predict that Global Payments Inc. will post 3.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s dividend payout ratio is currently 2.23%.
Global Payments Profile
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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