Vaughan Nelson Investment Management L.P. Has $53.22 Million Holdings in Global Payments Inc (NYSE:GPN)

Vaughan Nelson Investment Management L.P. cut its holdings in Global Payments Inc (NYSE:GPN) by 1.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 477,250 shares of the business services provider’s stock after selling 7,500 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.30% of Global Payments worth $53,223,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. grew its stake in shares of Global Payments by 3.7% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 138,142 shares of the business services provider’s stock valued at $13,847,000 after acquiring an additional 4,870 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Global Payments by 70.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 113,125 shares of the business services provider’s stock valued at $11,339,000 after acquiring an additional 46,813 shares in the last quarter. Norinchukin Bank The grew its stake in shares of Global Payments by 12.1% in the fourth quarter. Norinchukin Bank The now owns 12,723 shares of the business services provider’s stock valued at $1,275,000 after acquiring an additional 1,373 shares in the last quarter. Westpac Banking Corp grew its stake in shares of Global Payments by 20.4% in the fourth quarter. Westpac Banking Corp now owns 21,228 shares of the business services provider’s stock valued at $2,128,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Global Payments by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 30,607 shares of the business services provider’s stock valued at $3,068,000 after acquiring an additional 968 shares in the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Global Payments from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. TheStreet downgraded shares of Global Payments from a “b” rating to a “c” rating in a research note on Thursday, May 3rd. Morgan Stanley increased their price objective on shares of Global Payments from $118.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Friday, May 4th. ValuEngine upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, SunTrust Banks increased their price objective on shares of Global Payments to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $112.42.

In other Global Payments news, Director William I. Jacobs sold 10,181 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,212,149.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Silberstein sold 5,300 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $118.20, for a total transaction of $626,460.00. Following the transaction, the director now owns 46,497 shares of the company’s stock, valued at approximately $5,495,945.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,229 shares of company stock valued at $4,484,697. 0.98% of the stock is owned by company insiders.

NYSE GPN traded down $0.73 during trading hours on Thursday, reaching $117.75. The company’s stock had a trading volume of 971,400 shares, compared to its average volume of 1,051,697. The firm has a market cap of $18.64 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.40 and a beta of 1.11. Global Payments Inc has a 52 week low of $87.86 and a 52 week high of $119.69. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.06 and a quick ratio of 1.06.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, May 3rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $924.30 million during the quarter, compared to analyst estimates of $914.06 million. Global Payments had a net margin of 13.27% and a return on equity of 17.66%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. research analysts anticipate that Global Payments Inc will post 4.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is presently 1.00%.

Global Payments announced that its Board of Directors has approved a stock repurchase program on Thursday, February 15th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.

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

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