Stellar Capital Management buys $2.5 Million stake in Global Payments Inc (GPN)

Global Payments Inc (GPN) : Stellar Capital Management scooped up 745 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 12, 2016. The investment management firm now holds a total of 33,825 shares of Global Payments Inc which is valued at $2.5 Million.Global Payments Inc makes up approximately 2.81% of Stellar Capital Management’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in GPN in the latest quarter, The investment management firm added 14,984 additional shares and now holds a total of 86,341 shares of Global Payments Inc which is valued at $6.4 Million. Global Payments Inc makes up approx 0.05% of Sg Americas Securities’s portfolio.Engineers Gate Manager Lp reduced its stake in GPN by selling 70,063 shares or 71.4% in the most recent quarter. The Hedge Fund company now holds 28,067 shares of GPN which is valued at $2.1 Million. Global Payments Inc makes up approx 0.17% of Engineers Gate Manager Lp’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in GPN by selling 14,535 shares or 38.6% in the most recent quarter. The Hedge Fund company now holds 23,122 shares of GPN which is valued at $1.7 Million. Global Payments Inc makes up approx 0.04% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Gabelli Securities boosted its stake in GPN in the latest quarter, The investment management firm added 8,792 additional shares and now holds a total of 36,674 shares of Global Payments Inc which is valued at $2.7 Million. Global Payments Inc makes up approx 0.38% of Gabelli Securities’s portfolio.

Global Payments Inc opened for trading at $74.88 and hit $75.62 on the upside on Friday, eventually ending the session at $74.95, with a gain of 1.01% or 0.75 points. The heightened volatility saw the trading volume jump to 9,02,749 shares. Company has a market cap of $11,542 M.

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.

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