DAVENPORT & Co LLC has increased its stake in Global Payments Inc. by 74.2% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission. The fund now owns 44,300 shares of Global Payments, worth $4,364,000. Other hedge funds and institutional investors have also made changes to their positions in the company.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Global Payments by 9.5% during the first quarter and now owns 209,931 shares. RFG Advisory LLC lifted its position in the company by 4.9% in the first quarter and now owns 5,938 shares. AE Wealth Management LLC increased its position in Global Payments by 114.5% in the second quarter and now owns 48,962 shares. Lastly, Salem Investment Counselors Inc. lifted its position in the company by 12.2% in the second quarter and now owns 4,973 shares. Hedge funds and institutional investors account for 85.23% of the company’s stock.
CFO Joshua J. Whipple and CAO David M. Sheffield have also recently sold shares of Global Payments. Whipple sold 37,096 shares on September 6th, while Sheffield sold 2,016 shares on August 2nd. Global Payments stock opened at $115.88 on Tuesday, with a 52-week low of $92.27 and a 52-week high of $129.70. The company reported $2.62 earnings per share for the second quarter, beating the consensus estimate of $2.43. Analysts expect Global Payments to post 9.68 EPS for the current year.
Global Payments recently announced a quarterly dividend of $0.25 per share, which was paid on September 29th. The dividend represents an annualized dividend of $1.00 and a dividend yield of 0.86%. Analysts have given the stock a consensus rating of “Moderate Buy” with an average price target of $148.09.
Sources: [Source 1], [Source 2]
Definitions:
- Stake: A stake refers to the amount of ownership a person or entity has in a company, typically represented by shares of stock.
- Hedge Fund: A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex strategies and high-risk tolerance.
- Institutional Investor: An institutional investor is a large entity, such as a pension fund or insurance company, that invests large amounts of money on behalf of its clients.
- CFO: The Chief Financial Officer, responsible for overseeing the financial operations of a company.
- CAO: The Chief Accounting Officer, responsible for overseeing a company’s accounting functions.
Sources: [Source 1], [Source 2]
DAVENPORT & Co LLC has increased its stake in Global Payments Inc. by 74.2% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission. The fund now owns 44,300 shares of Global Payments, worth $4,364,000. Other hedge funds and institutional investors have also made changes to their positions in the company.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Global Payments by 9.5% during the first quarter and now owns 209,931 shares. RFG Advisory LLC lifted its position in the company by 4.9% in the first quarter and now owns 5,938 shares. AE Wealth Management LLC increased its position in Global Payments by 114.5% in the second quarter and now owns 48,962 shares. Lastly, Salem Investment Counselors Inc. lifted its position in the company by 12.2% in the second quarter and now owns 4,973 shares. Hedge funds and institutional investors account for 85.23% of the company’s stock.
CFO Joshua J. Whipple and CAO David M. Sheffield have also recently sold shares of Global Payments. Whipple sold 37,096 shares on September 6th, while Sheffield sold 2,016 shares on August 2nd. Global Payments stock opened at $115.88 on Tuesday, with a 52-week low of $92.27 and a 52-week high of $129.70. The company reported $2.62 earnings per share for the second quarter, beating the consensus estimate of $2.43. Analysts expect Global Payments to post 9.68 EPS for the current year.
Global Payments recently announced a quarterly dividend of $0.25 per share, which was paid on September 29th. The dividend represents an annualized dividend of $1.00 and a dividend yield of 0.86%. Analysts have given the stock a consensus rating of “Moderate Buy” with an average price target of $148.09.
Sources: [Source 1], [Source 2]
Definitions:
- Stake: A stake refers to the amount of ownership a person or entity has in a company, typically represented by shares of stock.
- Hedge Fund: A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex strategies and high-risk tolerance.
- Institutional Investor: An institutional investor is a large entity, such as a pension fund or insurance company, that invests large amounts of money on behalf of its clients.
- CFO: The Chief Financial Officer, responsible for overseeing the financial operations of a company.
- CAO: The Chief Accounting Officer, responsible for overseeing a company’s accounting functions.
Sources: [Source 1], [Source 2]
