Global Payments Inc (GPN) : Tt International scooped up 15,707 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 11, 2016. The investment management firm now holds a total of 51,103 shares of Global Payments Inc which is valued at $3.8 Million.Global Payments Inc makes up approximately 1.53% of Tt International’s portfolio.
Other Hedge Funds, Including , Wbi Investments added GPN to its portfolio by purchasing 24,718 company shares during the most recent quarter which is valued at $1.8 Million. Global Payments Inc makes up approx 0.08% of Wbi Investments’s portfolio.Wetherby Asset Management Inc boosted its stake in GPN in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 9,673 shares of Global Payments Inc which is valued at $718,124. Global Payments Inc makes up approx 0.17% of Wetherby Asset Management Inc’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.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in GPN in the latest quarter, The investment management firm added 1,360 additional shares and now holds a total of 17,575 shares of Global Payments Inc which is valued at $1.3 Million. Global Payments Inc makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Burney Co reduced its stake in GPN by selling 3,904 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 297,792 shares of GPN which is valued at $21.7 Million. Global Payments Inc makes up approx 1.59% of Burney Co’s portfolio.
Global Payments Inc opened for trading at $74.09 and hit $74.85 on the upside on Monday, eventually ending the session at $74.35, with a gain of 0.15% or 0.11 points. The heightened volatility saw the trading volume jump to 10,80,383 shares. Company has a market cap of $11,450 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.