AlphaMark Advisors LLC Has $831,000 Stock Holdings in Global Payments Inc. (NYSE:GPN)

AlphaMark Advisors LLC decreased its position in Global Payments Inc. (NYSE:GPN) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,598 shares of the business services provider’s stock after selling 139 shares during the period. AlphaMark Advisors LLC’s holdings in Global Payments were worth $831,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GPN. Norges Bank acquired a new position in Global Payments in the fourth quarter valued at about $365,933,000. Kodai Capital Management LP acquired a new stake in Global Payments during the 4th quarter worth approximately $69,029,000. Natixis lifted its stake in Global Payments by 830.2% in the first quarter. Natixis now owns 589,520 shares of the business services provider’s stock valued at $78,795,000 after buying an additional 526,143 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Global Payments by 267.0% in the first quarter. Lord Abbett & CO. LLC now owns 677,854 shares of the business services provider’s stock valued at $90,602,000 after buying an additional 493,164 shares during the period. Finally, Pzena Investment Management LLC increased its position in shares of Global Payments by 27.8% during the fourth quarter. Pzena Investment Management LLC now owns 2,192,227 shares of the business services provider’s stock worth $278,413,000 after acquiring an additional 477,390 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

GPN stock traded up $3.69 during midday trading on Thursday, reaching $108.77. 2,986,333 shares of the company were exchanged, compared to its average volume of 2,311,507. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. The firm has a market capitalization of $27.76 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 0.63 and a beta of 0.98. The business has a 50-day moving average price of $97.98 and a two-hundred day moving average price of $114.63. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.03. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. Global Payments’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 EPS. Equities research analysts forecast that Global Payments Inc. will post 11.09 EPS for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, September 13th. Global Payments’s payout ratio is 19.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GPN shares. Mizuho cut their price objective on shares of Global Payments from $129.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 15th. Stephens cut their price target on Global Payments from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Keefe, Bruyette & Woods decreased their price objective on Global Payments from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 8th. TD Cowen cut their target price on Global Payments from $152.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Finally, Evercore ISI reduced their price target on Global Payments from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.92.

Insider Transactions at Global Payments

In related news, CAO David M. Sheffield sold 1,651 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $100.73, for a total value of $166,305.23. Following the transaction, the chief accounting officer now directly owns 20,531 shares in the company, valued at $2,068,087.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

Global Payments Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.