Campbell & CO Investment Adviser LLC reduced its holdings in shares of Global Payments Inc (NYSE:GPN) by 33.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,202 shares of the business services provider’s stock after selling 3,100 shares during the period. Global Payments makes up 0.5% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 21st largest position. Campbell & CO Investment Adviser LLC’s holdings in Global Payments were worth $790,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its position in Global Payments by 12.5% during the 2nd quarter. FMR LLC now owns 9,712,626 shares of the business services provider’s stock valued at $1,082,860,000 after buying an additional 1,082,153 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Global Payments by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock valued at $575,914,000 after purchasing an additional 581,025 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Global Payments by 36.5% in the second quarter. Janus Henderson Group PLC now owns 3,501,061 shares of the business services provider’s stock valued at $390,333,000 after purchasing an additional 935,336 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of Global Payments by 7.3% in the third quarter. Frontier Capital Management Co. LLC now owns 1,936,436 shares of the business services provider’s stock valued at $246,702,000 after purchasing an additional 132,080 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Global Payments by 1.3% in the second quarter. Northern Trust Corp now owns 1,769,690 shares of the business services provider’s stock valued at $197,302,000 after purchasing an additional 23,183 shares during the period. 97.43% of the stock is currently owned by institutional investors.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 3,125 shares of the stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $116.07, for a total transaction of $362,718.75. Following the completion of the transaction, the director now owns 80,324 shares of the company’s stock, valued at $9,323,206.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Silberstein sold 700 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $109.66, for a total value of $76,762.00. Following the transaction, the director now directly owns 42,169 shares of the company’s stock, valued at approximately $4,624,252.54. The disclosure for this sale can be found here. Insiders have sold 74,899 shares of company stock valued at $9,528,952 in the last three months. Insiders own 0.98% of the company’s stock.

A number of research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Global Payments from $136.00 to $142.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. ValuEngine lowered Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Zacks Investment Research lowered Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Deutsche Bank increased their price objective on Global Payments to $140.00 and gave the company a “buy” rating in a report on Friday, September 14th. Finally, KeyCorp upped their target price on Global Payments from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Global Payments presently has an average rating of “Buy” and an average target price of $123.30.

GPN stock traded down $2.48 during mid-day trading on Friday, reaching $103.84. 1,143,965 shares of the company’s stock were exchanged, compared to its average volume of 1,183,411. The company has a market capitalization of $16.82 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.22 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. Global Payments Inc has a 12-month low of $98.82 and a 12-month high of $129.25.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, October 30th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Global Payments had a return on equity of 18.38% and a net margin of 17.48%. The company had revenue of $857.70 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. Global Payments’s revenue for the quarter was down 17.4% on a year-over-year basis. On average, research analysts predict that Global Payments Inc will post 4.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s payout ratio is currently 1.00%.

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Global Payments Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

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

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