Compagnie Lombard Odier SCmA Buys 366 Shares of Global Payments Inc. (NYSE:GPN)

Compagnie Lombard Odier SCmA grew its stake in shares of Global Payments Inc. (NYSE:GPN) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,628 shares of the business services provider’s stock after acquiring an additional 366 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Global Payments were worth $6,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GPN. Sound Income Strategies LLC boosted its position in shares of Global Payments by 29.9% during the third quarter. Sound Income Strategies LLC now owns 44,986 shares of the business services provider’s stock valued at $4,607,000 after buying an additional 10,345 shares during the last quarter. CVA Family Office LLC boosted its position in shares of Global Payments by 2,455.0% during the third quarter. CVA Family Office LLC now owns 511 shares of the business services provider’s stock valued at $52,000 after buying an additional 491 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Global Payments during the third quarter valued at $50,000. Compton Wealth Advisory Group LLC purchased a new stake in shares of Global Payments during the third quarter valued at $204,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Global Payments during the third quarter valued at $464,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Performance

Shares of GPN stock traded up $1.73 during trading hours on Friday, reaching $100.61. 1,833,546 shares of the company traded hands, compared to its average volume of 2,284,647. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $25.68 billion, a P/E ratio of 19.96, a P/E/G ratio of 0.74 and a beta of 0.98. The firm has a 50-day moving average price of $105.49 and a 200 day moving average price of $106.84.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.03. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.48 EPS. As a group, sell-side analysts predict that Global Payments Inc. will post 11.07 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, September 13th. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Insider Activity at Global Payments

In related news, CAO David M. Sheffield sold 1,651 shares of Global Payments stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $100.73, for a total transaction of $166,305.23. Following the sale, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GPN has been the topic of several recent analyst reports. B. Riley dropped their price objective on Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. KeyCorp dropped their price objective on Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. BMO Capital Markets dropped their price objective on Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 25th. Seaport Res Ptn cut Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Global Payments in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.55.

Global Payments Company 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.