Osborne Partners Capital Management LLC Has $9.67 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Osborne Partners Capital Management LLC boosted its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 69.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,408 shares of the business services provider's stock after buying an additional 38,751 shares during the period. Osborne Partners Capital Management LLC's holdings in Global Payments were worth $9,669,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stanley Capital Management LLC raised its stake in shares of Global Payments by 18.9% in the 2nd quarter. Stanley Capital Management LLC now owns 125,608 shares of the business services provider's stock worth $12,146,000 after buying an additional 20,000 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Global Payments by 12.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 267,483 shares of the business services provider's stock valued at $35,775,000 after purchasing an additional 29,289 shares in the last quarter. LRI Investments LLC bought a new position in shares of Global Payments during the 1st quarter valued at about $32,000. State Board of Administration of Florida Retirement System grew its stake in shares of Global Payments by 8.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 302,364 shares of the business services provider's stock worth $40,414,000 after purchasing an additional 24,415 shares during the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of Global Payments by 20.6% in the 2nd quarter. Gradient Investments LLC now owns 172,939 shares of the business services provider's stock worth $16,723,000 after purchasing an additional 29,503 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Stock Down 0.4 %

Global Payments stock traded down $0.40 during mid-day trading on Friday, hitting $99.13. 1,336,244 shares of the company's stock were exchanged, compared to its average volume of 2,527,409. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $141.77. The stock has a 50 day moving average of $105.31 and a two-hundred day moving average of $105.02. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market cap of $25.22 billion, a P/E ratio of 18.16, a P/E/G ratio of 0.74 and a beta of 0.98.

Global Payments (NYSE:GPN - Get Free Report) last posted its earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.03. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company earned $2.48 EPS. The company's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts anticipate that Global Payments Inc. will post 11.06 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, September 13th. Global Payments's dividend payout ratio is 18.32%.

Insider Buying and Selling at Global Payments

In related news, CAO David M. Sheffield sold 1,651 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.73, for a total transaction of $166,305.23. Following the completion of the transaction, the chief accounting officer now owns 20,531 shares of the company's stock, valued at approximately $2,068,087.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on GPN. Sanford C. Bernstein lowered shares of Global Payments from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $135.00 to $112.00 in a research report on Tuesday. StockNews.com lowered Global Payments from a "buy" rating to a "hold" rating in a research report on Thursday, September 26th. BNP Paribas upgraded Global Payments to a "strong sell" rating in a research report on Wednesday, September 4th. Jefferies Financial Group cut their price objective on Global Payments from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Finally, B. Riley decreased their target price on shares of Global Payments from $204.00 to $194.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.65.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.