JLB & Associates Inc. Has $10.87 Million Stake in Global Payments Inc (GPN)
JLB & Associates Inc. lifted its holdings in shares of Global Payments Inc (NYSE:GPN) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 108,479 shares of the business services provider’s stock after acquiring an additional 4,376 shares during the period. Global Payments makes up about 2.4% of JLB & Associates Inc.’s investment portfolio, making the stock its 18th biggest position. JLB & Associates Inc.’s holdings in Global Payments were worth $10,873,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Sun Life Financial INC lifted its holdings in shares of Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,101 shares during the period. Intellectus Partners LLC bought a new position in shares of Global Payments during the 2nd quarter worth about $128,000. Quantbot Technologies LP bought a new position in shares of Global Payments during the 3rd quarter worth about $198,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Global Payments during the 3rd quarter worth about $209,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Global Payments during the 3rd quarter worth about $213,000. 98.83% of the stock is owned by institutional investors.
GPN has been the subject of several analyst reports. Nomura reissued a “sell” rating and set a $83.00 price target on shares of Global Payments in a report on Monday, October 16th. Morgan Stanley lifted their price target on shares of Global Payments from $98.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $108.00 price target (up from $103.00) on shares of Global Payments in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Oppenheimer lifted their price target on shares of Global Payments from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.26.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $917.31 million. During the same quarter in the previous year, the company earned $0.89 EPS. Global Payments’s revenue was up 9.1% on a year-over-year basis. research analysts expect that Global Payments Inc will post 3.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, December 14th. Global Payments’s dividend payout ratio is 2.27%.
In other news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.48, for a total transaction of $60,288.00. Following the completion of the sale, the director now owns 45,493 shares in the company, valued at approximately $4,571,136.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 3,600 shares of company stock valued at $366,270. 0.93% of the stock is owned by corporate insiders.
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Global Payments Company 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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