SeaTown Holdings Pte. Ltd. Invests $16.01 Million in Global Payments Inc (NYSE:GPN)
SeaTown Holdings Pte. Ltd. purchased a new position in shares of Global Payments Inc (NYSE:GPN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the business services provider’s stock, valued at approximately $16,013,000. Global Payments accounts for about 2.9% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 12th largest holding. SeaTown Holdings Pte. Ltd. owned 0.06% of Global Payments as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of GPN. Westpac Banking Corp increased its position in shares of Global Payments by 6.5% during the 2nd quarter. Westpac Banking Corp now owns 55,976 shares of the business services provider’s stock worth $8,963,000 after purchasing an additional 3,429 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Global Payments during the second quarter worth about $205,000. Stevens Capital Management LP acquired a new position in shares of Global Payments during the second quarter worth about $5,827,000. Janus Henderson Group PLC grew its position in shares of Global Payments by 3.9% during the second quarter. Janus Henderson Group PLC now owns 4,609,039 shares of the business services provider’s stock worth $738,044,000 after buying an additional 171,217 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. acquired a new position in shares of Global Payments during the second quarter worth about $862,000. Institutional investors and hedge funds own 98.22% of the company’s stock.
In other Global Payments news, Director Alan M. Silberstein sold 700 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $157.95, for a total transaction of $110,565.00. Following the completion of the transaction, the director now owns 40,163 shares in the company, valued at approximately $6,343,745.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $165.05, for a total value of $99,030.00. Following the transaction, the director now owns 30,188 shares of the company’s stock, valued at approximately $4,982,529.40. The disclosure for this sale can be found here. 0.88% of the stock is owned by corporate insiders.
NYSE:GPN traded up $2.96 during trading hours on Tuesday, hitting $159.10. 63,401 shares of the stock were exchanged, compared to its average volume of 1,704,749. The company’s 50 day moving average is $162.87. Global Payments Inc has a twelve month low of $94.81 and a twelve month high of $172.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $25.08 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.63 and a beta of 1.01.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Global Payments had a return on equity of 20.36% and a net margin of 13.62%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 EPS. On average, research analysts anticipate that Global Payments Inc will post 5.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 12th. Global Payments’s dividend payout ratio is currently 0.77%.
Global Payments Company Profile
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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