Global Payments Inc (GPN) Holdings Reduced by Deutsche Bank AG

Deutsche Bank AG lowered its holdings in Global Payments Inc (NYSE:GPN) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 715,278 shares of the business services provider’s stock after selling 268,639 shares during the quarter. Deutsche Bank AG owned 0.45% of Global Payments worth $71,694,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Global Payments in the fourth quarter valued at $120,000. Tower Research Capital LLC TRC lifted its holdings in Global Payments by 2,412.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,658 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 1,592 shares during the period. Quantbot Technologies LP acquired a new stake in Global Payments in the third quarter valued at $198,000. Klingenstein Fields & Co. LLC acquired a new stake in Global Payments in the fourth quarter valued at $204,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Global Payments in the third quarter valued at $209,000. 96.68% of the stock is owned by institutional investors.

GPN has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $113.00 target price on shares of Global Payments in a report on Friday, November 17th. Stephens raised Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 target price for the company in a report on Tuesday, January 9th. Oppenheimer raised their target price on Global Payments from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Finally, Robert W. Baird reissued a “buy” rating and issued a $124.00 target price on shares of Global Payments in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Global Payments presently has an average rating of “Buy” and an average price target of $109.40.

In related news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $101.55, for a total transaction of $60,930.00. Following the completion of the sale, the director now owns 44,893 shares in the company, valued at approximately $4,558,884.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 3,600 shares of company stock valued at $378,918. 0.93% of the stock is currently owned by company insiders.

Shares of Global Payments Inc (NYSE GPN) opened at $117.83 on Tuesday. The company has a market capitalization of $18,662.12, a PE ratio of 30.06, a P/E/G ratio of 1.53 and a beta of 1.09. Global Payments Inc has a 52-week low of $76.47 and a 52-week high of $118.09. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.13 and a current ratio of 1.13.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $943.39 million. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. analysts expect that Global Payments Inc will post 4.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, March 15th. Global Payments’s dividend payout ratio is presently 1.34%.

Global Payments announced that its board has approved a share repurchase program on Thursday, February 15th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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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.

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

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