Aurora Investment Counsel Has $857,000 Holdings in Global Payments Inc. (NYSE:GPN)

Aurora Investment Counsel boosted its position in Global Payments Inc. (NYSE:GPNGet Rating) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,750 shares of the business services provider’s stock after buying an additional 224 shares during the quarter. Aurora Investment Counsel’s holdings in Global Payments were worth $857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC grew its stake in Global Payments by 6.4% in the 1st quarter. Penserra Capital Management LLC now owns 1,389 shares of the business services provider’s stock valued at $190,000 after buying an additional 83 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Global Payments by 10.7% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 897 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 87 shares during the period. Chiron Capital Management LLC boosted its holdings in Global Payments by 5.6% in the 2nd quarter. Chiron Capital Management LLC now owns 1,900 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 100 shares during the period. Cetera Advisor Networks LLC boosted its holdings in Global Payments by 2.4% in the 2nd quarter. Cetera Advisor Networks LLC now owns 4,467 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 104 shares during the period. Finally, Shelton Capital Management boosted its holdings in Global Payments by 1.3% in the 1st quarter. Shelton Capital Management now owns 8,469 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 108 shares during the period. 85.61% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Trading Up 1.0 %

Global Payments stock traded up $0.99 during midday trading on Thursday, hitting $100.17. 1,362,951 shares of the stock were exchanged, compared to its average volume of 3,136,589. The company has a fifty day simple moving average of $110.44 and a two-hundred day simple moving average of $118.33. Global Payments Inc. has a 52 week low of $93.99 and a 52 week high of $153.76. The stock has a market capitalization of $27.09 billion, a PE ratio of 455.34, a P/E/G ratio of 0.71 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Global Payments (NYSE:GPNGet Rating) last released its quarterly earnings data on Monday, October 31st. The business services provider reported $2.48 earnings per share for the quarter, hitting the consensus estimate of $2.48. Global Payments had a net margin of 0.79% and a return on equity of 9.85%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm earned $2.00 EPS. Global Payments’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Global Payments Inc. will post 8.9 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 15th. Global Payments’s payout ratio is currently 454.57%.

Global Payments declared that its Board of Directors has authorized a share buyback plan on Monday, August 1st that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 4.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Susquehanna Bancshares reduced their price target on shares of Global Payments from $240.00 to $210.00 and set a “positive” rating for the company in a report on Tuesday, November 1st. Truist Financial increased their price target on shares of Global Payments from $130.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, November 1st. Wells Fargo & Company reduced their price objective on shares of Global Payments from $156.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, September 8th. Wedbush reduced their price objective on shares of Global Payments to $150.00 in a report on Friday, November 4th. Finally, BNP Paribas downgraded shares of Global Payments from an “outperform” rating to a “neutral” rating and set a $115.00 price objective for the company. in a report on Tuesday, October 18th. Nine analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.63.

Insider Buying and Selling at Global Payments

In related news, Director M Troy Woods purchased 5,247 shares of the business’s stock in a transaction on Friday, November 4th. The shares were purchased at an average price of $95.26 per share, with a total value of $499,829.22. Following the completion of the purchase, the director now owns 287,688 shares in the company, valued at approximately $27,405,158.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.19% of the company’s stock.

Global Payments Profile

(Get Rating)

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment 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 on-line reporting services.

Further Reading

Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPNGet Rating).

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

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.