Global Payments Inc (GPN) : Paradice Investment Management scooped up 44,036 additional shares in Global Payments Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 645,718 shares of Global Payments Inc which is valued at $47.9 Million.Global Payments Inc makes up approximately 6.37% of Paradice Investment Management’s portfolio.
Other Hedge Funds, Including , Riverhead Capital Management boosted its stake in GPN in the latest quarter, The investment management firm added 17,242 additional shares and now holds a total of 46,724 shares of Global Payments Inc which is valued at $3.5 Million. Global Payments Inc makes up approx 0.05% of Riverhead Capital Management’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in GPN in the latest quarter, The investment management firm added 2,164 additional shares and now holds a total of 254,873 shares of Global Payments Inc which is valued at $18.9 Million. Global Payments Inc makes up approx 0.04% of Mitsubishi Ufj Trust Banking Corp’s portfolio.1832 Asset Management reduced its stake in GPN by selling 24,500 shares or 32.71% in the most recent quarter. The Hedge Fund company now holds 50,400 shares of GPN which is valued at $3.7 Million. Global Payments Inc makes up approx 0.01% of 1832 Asset Management’s portfolio.Matarin Capital Management reduced its stake in GPN by selling 60,938 shares or 52.53% in the most recent quarter. The Hedge Fund company now holds 55,058 shares of GPN which is valued at $4.1 Million. Global Payments Inc makes up approx 0.58% of Matarin Capital Management’s portfolio.
Global Payments Inc closed down -0.96 points or -1.24% at $76.26 with 13,72,718 shares getting traded on Wednesday. Post opening the session at $77.28, the shares hit an intraday low of $76.15 and an intraday high of $77.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Global Payments Inc reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $0.67. The company had revenue of $497.00 million for the quarter, compared to analysts expectations of $493.56 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.
Many Wall Street Analysts have commented on Global Payments Inc. Global Payments Inc was Resumed by Goldman to “Neutral” on Apr 26, 2016. Global Payments Inc was Initiated by Nomura to “Reduce” on Apr 20, 2016. Compass Point Initiated Global Payments Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $70.
Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards debit cards electronic payments and check-related services. The Company’s North America merchant services and International merchant services segments target customers in various industries including financial services gaming government healthcare professional services restaurants retail universities not-for-profit organizations and utilities. The Company performs a series of services including authorization electronic draft capture file transfers to facilitate funds settlement and certain exception-based back office support services such as chargeback and retrieval resolution.