Ossiam bought a new position in shares of Global Payments Inc (NYSE:GPN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 706 shares of the business services provider’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPN. Swedbank acquired a new position in Global Payments during the second quarter worth $101,586,000. Janus Henderson Group PLC increased its holdings in shares of Global Payments by 3.9% in the second quarter. Janus Henderson Group PLC now owns 4,609,039 shares of the business services provider’s stock valued at $738,044,000 after purchasing an additional 171,217 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Global Payments by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 1,969,663 shares of the business services provider’s stock valued at $202,756,000 after purchasing an additional 128,466 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Global Payments by 41.6% in the first quarter. Parametric Portfolio Associates LLC now owns 413,632 shares of the business services provider’s stock valued at $56,469,000 after purchasing an additional 121,426 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Global Payments by 383.7% in the first quarter. Marshall Wace LLP now owns 145,574 shares of the business services provider’s stock valued at $19,873,000 after purchasing an additional 115,476 shares during the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.

Several equities analysts have commented on the stock. KeyCorp upped their price objective on shares of Global Payments from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Wedbush upped their price objective on shares of Global Payments from $168.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Nomura upped their price objective on shares of Global Payments from $105.00 to $120.00 and gave the company a “reduce” rating in a report on Tuesday, August 6th. Bank of America upped their price objective on shares of Global Payments from $160.00 to $180.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, BMO Capital Markets downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $164.00 to $173.00 in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $167.70.

GPN traded up $0.12 on Friday, hitting $168.15. 855,844 shares of the stock were exchanged, compared to its average volume of 1,624,156. Global Payments Inc has a 12 month low of $94.81 and a 12 month high of $175.95. The business has a 50-day moving average of $163.30 and a two-hundred day moving average of $151.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.68 and a beta of 1.02.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.05. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. Global Payments’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that Global Payments Inc will post 5.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.02%. Global Payments’s dividend payout ratio is 0.77%.

In other news, Director Ruth Ann Marshall sold 5,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $160.24, for a total value of $801,200.00. Following the completion of the transaction, the director now owns 43,677 shares of the company’s stock, valued at $6,998,802.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William I. Jacobs sold 10,980 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $175.27, for a total transaction of $1,924,464.60. Following the completion of the transaction, the director now directly owns 40,568 shares of the company’s stock, valued at approximately $7,110,353.36. The disclosure for this sale can be found here. Insiders have sold 33,710 shares of company stock valued at $5,556,969 in the last ninety days. 0.88% of the stock is currently owned by company insiders.

Global Payments Company Profile

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.

Featured Article: Systematic Risk

Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc (NYSE:GPN).

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

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.