According to the most recent filing that Wsfs Capital Management LLC made with the Securities and Exchange Commission, during the third quarter of 2018, it reduced its holdings in Global Payments Inc. (NYSE: GPN) by 69.8 percent. After the institutional investor completed the sale of 8,962 shares throughout the time frame, they were left in possession of 3,880 shares of the stock belonging to the business services provider. Wsfs Capital Management LLC’s global payments account had a total of $419 thousand when the most recent fiscal quarter closed.
Recent months have seen several other hedge funds make adjustments to the percentage of their total assets that are held in GPN investments. During the third quarter, Parkside Financial Bank & Trust increased the amount of Global Payments stock that is owned by a percentage that was 48.7% higher than it was before. After purchasing an additional 114 of its shares during the most recent fiscal quarter, Parkside Financial Bank & Trust now has 348 shares, with a market valuation of $38,000. The company’s shares currently have a value of $38,000. Private Trust Co. NA increased its stake in Global Payments by purchasing additional shares during the second quarter, bringing the total value of its investment in the business to approximately $59,000. In the second quarter, Clear Street Markets LLC achieved a 401.7 percent increase in the share of ownership in Global Payments that it previously possessed. Clear Street Markets LLC now has 587 shares of the business services provider’s stock, valued at $65,000, after purchasing an additional 470 shares during the most recent quarter. These shares were acquired through the purchase of additional options. Neo Ivy Capital Management’s total investment in Global Payments was at its current level at the end of the second quarter, after the company made an additional investment of approximately $72,000.
Last but not least, during the second quarter, Investors Asset Management of Georgia Inc. (GA ADV) spent approximately $85,000 to acquire a new interest in Global Payments. The company has taken ownership of this newly acquired interest. Institutional investors and hedge funds collectively own 87.58% of the total number of shares in the company, making up the majority of the shareholders.
Several market analysts have recently provided their commentary on the GPN stock, which can be found on their websites. On Wednesday, October 12, StockNews.com started providing coverage of Global Payments as part of its stock coverage. They recommended that shareholders “hold” their shares of the company. In a report that was made public on November 1, BMO Capital Markets lowered their “outperform” rating on shares of Global Payments from $232.00 to $224.00, and they also lowered their price target on those shares from $232.00 to $224.00. On January 3, BNP Paribas changed their rating on Global Payments shares from “neutral” to “underperform,” indicating that they expect the company’s performance to worsen. In a report published on November 1, Susquehanna lowered its price target on shares of Global Payments from $240.00 to $210.00. The previous price target was set at $240.00. The brokerage has given the stock a “positive” rating despite this change; however, the rating has not changed. Deutsche Bank Aktiengesellschaft decreased its price objective on shares of Global Payments from $188.00 to $155.00 in a report published on Tuesday, December 20. The last and most significant modification was made here. The stock currently has a sell rating of one point out of ten, a hold rating of seven points out of ten, and a buy rating of fourteen points out of ten from the various financial analysts who have evaluated it. The data from Bloomberg indicates that the stock is currently rated as having a consensus recommendation of a moderate buy. The price target that the consensus has determined is currently set at $152.18.
On Friday morning, shares of NYSE: GPN started trading for $111.94 each. 0.96 is the value reached when the current ratio, the quick ratio, and the debt-to-equity ratio are all added up. The ratio of debt to equity is currently 0.54. Global Payments Inc. hit a low point over the past year of $92.27, while the company reached a high point over the past year of $152.99. The simple moving average of the company’s stock price over the past 50 days is $100.90, and the simple moving average over the past 200 days is $112.96. Given the company’s current market value of $30.27 billion, its P/E ratio of 508.84, its PEG ratio of 0.74, and its beta value of 0.99, the company has adequate financial resources.
On Monday, October 31, Global Payments (NYSE: GPN) provided the general public with a summary of the company’s financial results for the third quarter. The company reported earnings per share (EPS) for the quarter to be $2.37, which is $0.01 less than the consensus estimate for the quarter, which was $2.38. The return on equity for Global Payments was 9.85 percent, and the net margin for the company was 0.789 percent. The revenue for the quarter came in significantly higher than the $2.04 billion analysts had anticipated, coming in at a total of $2.29 billion instead. The company had earnings of $2.00 per share during the same period the year before, when it was still operating. The annual growth rate in the company’s quarterly revenue was 3.8% higher than the previous year. The projections of market analysts indicate that during the current fiscal year, each share of Global Payments Inc. will generate a profit of $8.89.
In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. On December 16, dividend payments of $0.25 per share were made to shareholders who were recorded as having shares as of that day. These payments were made to shareholders who held shares as of that day. The ex-dividend day occurred on December 15, a Thursday just a few days ago. This translates to an annual dividend payment of $1 and a dividend yield of 0.89% for the stock. At this point, the dividend payout ratio for Global Payments stands at 454.57%.
Robert H. B. Baldwin Jr., a director of the company, bought 3,400 shares of the company’s stock on December 12. This was one of the other events that took place not too long ago. The fact that the total value of the shares was $335,308 indicated that the average cost of purchasing a share was $98.62. The director now has direct ownership of 38,940 shares of the company, which have a combined value of $3,840,262.80 as a direct result of the acquisition. On the Securities and Exchange Commission website, one can access the file in which it was announced that the acquisition had taken place. This announcement was made after the acquisition had taken place. In related news relating to this topic, on December 12, Director Robert H. B. Baldwin, Jr., purchased 3,400 shares of stock in Global Payments. This was reported in the news article above. A total of $335,308.00 was spent on acquiring the stock, which totals an average price of $98.62 per share. After the completion of the acquisition, the director is now the owner of 38,940 shares of the company’s stock, which together have a value of approximately $3,840,262.80. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, Global Payments director M. Troy Woods purchased 5,247 shares of the company’s stock on Friday, November 4. It costs a total of $499,829.22 to purchase the shares, which works out to an average price of $95.26 per share. The total amount spent on the shares was $499,829.22. As a result of the transaction, the director now directly owns 287,688 shares, which have an estimated value of $27,405,158.88. You should look in this location if you are looking for the disclosure that pertains to this transaction. Together, the company’s management and employees own 1.19% of the total shares issued by the company.
