Global Payments Inc (GPN) : Hussman Strategic Advisors reduced its stake in Global Payments Inc by 55.56% during the most recent quarter end. The investment management company now holds a total of 100,000 shares of Global Payments Inc which is valued at $7,316,000 after selling 125,000 shares in Global Payments Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Global Payments Inc makes up approximately 1.08% of Hussman Strategic Advisors’s portfolio.
Other Hedge Funds, Including , Ngam Advisors reduced its stake in GPN by selling 4,070 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 49,194 shares of GPN which is valued at $3,599,033. Global Payments Inc makes up approx 0.05% of Ngam Advisors’s portfolio.Meeder Asset Management Inc boosted its stake in GPN in the latest quarter, The investment management firm added 3,683 additional shares and now holds a total of 9,267 shares of Global Payments Inc which is valued at $721,065. Global Payments Inc makes up approx 0.07% of Meeder Asset Management Inc’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.
Global Payments Inc opened for trading at $73.16 and hit $74.2 on the upside on Thursday, eventually ending the session at $73.56, with a gain of 0.55% or 0.4 points. The heightened volatility saw the trading volume jump to 13,78,262 shares. Company has a market cap of $11,301 M.
On the company’s financial health, Global Payments Inc reported $0.73 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.73. The company had revenue of $747.10 million for the quarter, compared to analysts expectations of $621.29 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 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. 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.