Integrated Investment Consultants Lowers stake in Global Payments Inc (GPN)

Global Payments Inc (GPN) : Integrated Investment Consultants reduced its stake in Global Payments Inc by 1.09% during the most recent quarter end. The investment management company now holds a total of 4,740 shares of Global Payments Inc which is valued at $346,210 after selling 52 shares in Global Payments Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Global Payments Inc makes up approximately 0.18% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in GPN in the latest quarter, The investment management firm added 83 additional shares and now holds a total of 296 shares of Global Payments Inc which is valued at $21,620.Msi Financial Services Inc reduced its stake in GPN by selling 1,018 shares or 81.57% in the most recent quarter. The Hedge Fund company now holds 230 shares of GPN which is valued at $16,871.Capstone Asset Management Co boosted its stake in GPN in the latest quarter, The investment management firm added 359 additional shares and now holds a total of 9,517 shares of Global Payments Inc which is valued at $701,403. Global Payments Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.First Mercantile Trust Co reduced its stake in GPN by selling 744 shares or 12.37% in the most recent quarter. The Hedge Fund company now holds 5,270 shares of GPN which is valued at $400,573. Global Payments Inc makes up approx 0.05% of First Mercantile Trust Co’s portfolio.

Global Payments Inc closed down -0.31 points or -0.42% at $73.04 with 9,27,066 shares getting traded on Friday. Post opening the session at $73.83, the shares hit an intraday low of $73.01 and an intraday high of $74.4 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.

Investors should note that on Oct 5, 2016, Global Payments Inc announced a cash dividend of $0.0100. The company’s management has announced Nov 9, 2016 as the ex-dividend date and fixed the record date on Nov 11, 2016. The payable date has been fixed on Nov 25, 2016.

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.

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