Toroso Investments LLC Buys 493 Shares of Global Payments Inc. (NYSE:GPN)

Toroso Investments LLC boosted its stake in shares of Global Payments Inc. (NYSE:GPN – Get Rating) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,801 shares of the business services provider’s stock after purchasing an additional 493 shares during the period. Toroso Investments LLC’s holdings in Global Payments were worth $1,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC lifted its position in Global Payments by 6.4% during the first quarter. Penserra Capital Management LLC now owns 1,389 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 83 shares during the period. Financial Advantage Inc. increased its holdings in Global Payments by 0.3% during the third quarter. Financial Advantage Inc. now owns 25,554 shares of the business services provider’s stock valued at $2,761,000 after buying an additional 86 shares during the last quarter. Desjardins Global Asset Management Inc. increased its holdings in Global Payments by 2.7% during the third quarter. Desjardins Global Asset Management Inc. now owns 3,637 shares of the business services provider’s stock valued at $392,000 after buying an additional 97 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Global Payments by 4.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,291 shares of the business services provider’s stock valued at $247,000 after buying an additional 102 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its holdings in Global Payments by 2.4% during the second quarter. Cetera Advisor Networks LLC now owns 4,467 shares of the business services provider’s stock valued at $494,000 after buying an additional 104 shares during the last quarter. Institutional investors own 87.58% of the company’s stock.

Global Payments Stock Down 2.3 %

GPN stock opened at $98.55 on Friday. The firm has a 50 day moving average of $110.47 and a 200 day moving average of $109.42. The stock has a market capitalization of $25.93 billion, a PE ratio of 223.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.55. Global Payments Inc. has a 52 week low of $92.27 and a 52 week high of $146.71.

Global Payments (NYSE:GPN – Get Rating) last released its earnings results on Friday, February 10th. The business services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Global Payments had a net margin of 1.24% and a return on equity of 10.30%. Global Payments’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. Sell-side analysts forecast that Global Payments Inc. will post 9.85 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 16th. Global Payments’s payout ratio is 227.28%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens reissued an “overweight” rating and issued a $135.00 price objective on shares of Global Payments in a research note on Monday, February 13th. Wolfe Research dropped their target price on shares of Global Payments from $150.00 to $145.00 in a research report on Thursday, January 5th. StockNews.com began coverage on shares of Global Payments in a research report on Thursday. They set a “hold” rating for the company. Wells Fargo & Company upped their target price on shares of Global Payments from $125.00 to $145.00 in a research report on Monday, February 13th. Finally, Raymond James increased their price objective on shares of Global Payments from $158.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

Insider Buying and Selling at Global Payments

In other Global Payments news, CAO David M. Sheffield sold 1,562 shares of Global Payments stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $113.08, for a total transaction of $176,630.96. Following the completion of the sale, the chief accounting officer now directly owns 28,032 shares in the company, valued at approximately $3,169,858.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.19% of the company’s stock.

Global Payments Company Profile

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Global Payments, Inc engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally.