Global Payments Inc (GPN) : Tt International scooped up 2,320 additional shares in Global Payments Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 53,423 shares of Global Payments Inc which is valued at $4,043,053.Global Payments Inc makes up approximately 1.31% of Tt International’s portfolio.
Other Hedge Funds, Including , Weaver C. Barksdale Associates sold out all of its stake in GPN during the most recent quarter. The investment firm sold 42,901 shares of GPN which is valued $3,246,748.British Columbia Investment Management Corp reduced its stake in GPN by selling 16,231 shares or 5.59% in the most recent quarter. The Hedge Fund company now holds 274,066 shares of GPN which is valued at $20,154,814. Global Payments Inc makes up approx 0.17% of British Columbia Investment Management Corp’s portfolio. Raymond James Trust N.a. added GPN to its portfolio by purchasing 3,508 company shares during the most recent quarter which is valued at $257,978. Global Payments Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in GPN by selling 71,958 shares or 24.12% in the most recent quarter. The Hedge Fund company now holds 226,385 shares of GPN which is valued at $16,648,353. Global Payments Inc makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio. Curian Capital sold out all of its stake in GPN during the most recent quarter. The investment firm sold 4,636 shares of GPN which is valued $340,931.
Global Payments Inc opened for trading at $75.8 and hit $76 on the upside on Wednesday, eventually ending the session at $75.68, with a gain of 0.32% or 0.24 points. The heightened volatility saw the trading volume jump to 9,25,932 shares. Company has a market cap of $11,655 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. Company shares were Reiterated by Deutsche Bank on Jul 12, 2016 to “Buy”, Firm has raised the Price Target to $ 79 from a previous price target of $72 .Shares were Reiterated by Barclays on Jul 7, 2016 to “Equal Weight” and Lowered the Price Target to $ 73 from a previous price target of $78 .Global Payments Inc was Resumed by Goldman to “Neutral” on Apr 26, 2016.
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.