Vanguard Personalized Indexing Management LLC Purchases 759 Shares of Global Payments Inc. (NYSE:GPN)

Vanguard Personalized Indexing Management LLC lifted its position in Global Payments Inc. (NYSE:GPN) by 5.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,016 shares of the business services provider’s stock after purchasing an additional 759 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Global Payments were worth $1,430,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Global Payments in the 1st quarter worth approximately $31,000. LRI Investments LLC purchased a new position in shares of Global Payments during the first quarter worth approximately $32,000. West Paces Advisors Inc. lifted its holdings in shares of Global Payments by 54.5% in the 1st quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock worth $41,000 after acquiring an additional 109 shares during the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Global Payments in the 2nd quarter valued at $32,000. Finally, North Star Investment Management Corp. grew its holdings in shares of Global Payments by 154.7% during the 1st quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 215 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

Insider Activity at Global Payments

In other news, CAO David M. Sheffield sold 1,651 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $100.73, for a total value of $166,305.23. Following the sale, the chief accounting officer now directly owns 20,531 shares of the company’s stock, valued at $2,068,087.63. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GPN has been the subject of several recent research reports. BNP Paribas raised shares of Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. William Blair upgraded Global Payments to a “strong-buy” rating in a report on Wednesday, August 7th. Susquehanna reaffirmed a “positive” rating and issued a $147.00 price target on shares of Global Payments in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. boosted their price objective 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $142.59.

Global Payments Stock Performance

Shares of Global Payments stock opened at $110.69 on Monday. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The firm has a market capitalization of $28.25 billion, a P/E ratio of 21.96, a P/E/G ratio of 0.70 and a beta of 0.98. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $105.52 and a two-hundred day simple moving average of $110.01.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.03. The company had revenue of $2.57 billion during 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%. Global Payments’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $2.48 EPS. On average, equities analysts forecast that Global Payments Inc. will post 11.07 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. Global Payments’s payout ratio is currently 19.84%.

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.