XTX Topco Ltd Purchases 12,336 Shares of Global Payments Inc. (NYSE:GPN)

XTX Topco Ltd lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 295.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,515 shares of the business services provider’s stock after purchasing an additional 12,336 shares during the quarter. XTX Topco Ltd’s holdings in Global Payments were worth $1,597,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC increased its holdings in Global Payments by 5.1% in the 1st quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock worth $258,000 after acquiring an additional 93 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Global Payments by 30.9% in the first quarter. CENTRAL TRUST Co now owns 453 shares of the business services provider’s stock worth $61,000 after purchasing an additional 107 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in shares of Global Payments by 0.3% in the first quarter. Oliver Luxxe Assets LLC now owns 34,435 shares of the business services provider’s stock valued at $4,603,000 after purchasing an additional 108 shares during the period. West Paces Advisors Inc. lifted its stake in shares of Global Payments by 54.5% during the 1st quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock valued at $41,000 after buying an additional 109 shares in the last quarter. Finally, KFG Wealth Management LLC lifted its stake in shares of Global Payments by 6.4% during the 1st quarter. KFG Wealth Management LLC now owns 1,883 shares of the business services provider’s stock valued at $252,000 after buying an additional 114 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Performance

Shares of NYSE GPN opened at $112.97 on Friday. The stock’s 50-day moving average is $105.25 and its 200 day moving average is $110.39. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 0.70 and a beta of 0.98. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $141.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN) last issued 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 analysts’ expectations of $2.32 billion. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $2.48 earnings per share. On average, sell-side analysts anticipate that Global Payments Inc. will post 11.07 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, September 13th. Global Payments’s dividend payout ratio is presently 19.84%.

Insider Buying and Selling at Global Payments

In other news, CAO David M. Sheffield sold 1,651 shares of Global Payments stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.73, for a total value of $166,305.23. Following the transaction, the chief accounting officer now owns 20,531 shares in the company, valued at $2,068,087.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of Global Payments from $172.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Evercore ISI decreased their price objective on Global Payments from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Global Payments in a report on Wednesday. BNP Paribas raised Global Payments to a “strong sell” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upped their price target on Global Payments from $111.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.59.

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.