278 Shares in Global Payments Inc (NYSE:GPN) Bought by Arlington Partners LLC

Arlington Partners LLC purchased a new position in shares of Global Payments Inc (NYSE:GPN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 278 shares of the business services provider’s stock, valued at approximately $44,000.

Other large investors also recently bought and sold shares of the company. Lenox Wealth Advisors LLC acquired a new position in shares of Global Payments during the 2nd quarter worth approximately $25,000. Next Capital Management LLC acquired a new position in shares of Global Payments during the 2nd quarter worth approximately $25,000. Citizens Financial Group Inc RI acquired a new position in shares of Global Payments during the 2nd quarter worth approximately $27,000. First Financial Corp IN acquired a new position in shares of Global Payments during the 3rd quarter worth approximately $27,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Global Payments during the 2nd quarter worth approximately $34,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:GPN traded up $1.27 during trading on Friday, reaching $170.26. 895,225 shares of the company traded hands, compared to its average volume of 1,569,924. The company’s 50 day moving average is $162.19 and its two-hundred day moving average is $159.29. The firm has a market capitalization of $26.09 billion, a PE ratio of 32.81, a PEG ratio of 1.69 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Global Payments Inc has a 52 week low of $94.81 and a 52 week high of $175.95.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.16 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The company’s revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. As a group, research analysts anticipate that Global Payments Inc will post 5.83 EPS for the current year.

In related news, Director William I. Jacobs sold 10,980 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $175.27, for a total transaction of $1,924,464.60. Following the completion of the sale, the director now directly owns 40,568 shares in the company, valued at approximately $7,110,353.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kriss Cloninger III sold 7,877 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $169.15, for a total value of $1,332,394.55. Following the sale, the director now owns 26,155 shares of the company’s stock, valued at $4,424,118.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,287 shares of company stock valued at $6,203,454. Corporate insiders own 0.88% of the company’s stock.

A number of research analysts recently weighed in on GPN shares. Susquehanna Bancshares set a $200.00 target price on Global Payments and gave the stock a “buy” rating in a report on Friday, July 26th. William Blair reissued an “outperform” rating on shares of Global Payments in a report on Thursday, October 17th. Piper Jaffray Companies set a $195.00 target price on Global Payments and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Nomura boosted their target price on Global Payments from $105.00 to $120.00 and gave the stock a “reduce” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. set a $203.00 target price on Global Payments and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $177.97.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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

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