Global Payments Inc (GPN) : Exxonmobil Investment Management Inc Tx reduced its stake in Global Payments Inc by 1.6% during the most recent quarter end. The investment management company now holds a total of 39,227 shares of Global Payments Inc which is valued at $2,981,644 after selling 636 shares in Global Payments Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Global Payments Inc makes up approximately 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in GPN during the most recent quarter. The investment firm sold 1,355 shares of GPN which is valued $102,994.Chevy Chase Trust Holdings reduced its stake in GPN by selling 3,574 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 128,479 shares of GPN which is valued at $10,154,980. Global Payments Inc makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants boosted its stake in GPN in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 6,279 shares of Global Payments Inc which is valued at $496,292. Global Payments Inc makes up approx 0.16% of Independent Portfolio Consultants’s portfolio.North Star Asset Management Inc reduced its stake in GPN by selling 14,568 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 177,471 shares of GPN which is valued at $14,027,308. Global Payments Inc makes up approx 1.58% of North Star Asset Management Inc’s portfolio.Washington Trust Bank reduced its stake in GPN by selling 14 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 14 shares of GPN which is valued at $1,107.
Global Payments Inc closed down -2.97 points or -3.76% at $76.01 with 21,57,756 shares getting traded on Friday. Post opening the session at $78.98, the shares hit an intraday low of $75.18 and an intraday high of $79 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Global Payments Inc reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 5, 2016. Analyst had a consensus of $0.84. The company had revenue of $817.30 million for the quarter, compared to analysts expectations of $814.12 million. The company’s revenue was up 52.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.
Many Wall Street Analysts have commented on Global Payments Inc. Company shares were Reiterated by Stifel on Oct 7, 2016 to “Hold”, Firm has raised the Price Target to $ 76 from a previous price target of $75 .Global Payments Inc was Upgraded by Goldman to ” Buy” on Sep 15, 2016. Wedbush Initiated Global Payments Inc on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $85.
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.