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Focused Investors bought $99.97 million in Global Payments, a payments tech firm that slightly missed earnings.
Focused Investors purchased $99.97 million worth of Global Payments Inc. shares, making it the 17th largest position in their portfolio.
Global Payments, a provider of payment technology and software solutions, reported slightly lower-than-expected earnings and revenue in its latest quarter.
The company also announced a quarterly dividend of $0.25 per share, to be paid on March 28th.
Despite slight earnings misses, analysts expect Global Payments to post 11.89 EPS for the year.
The company’s stock has a P/E ratio of 15.70 and a market capitalization of $23.86 billion.
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Los inversores enfocados compraron $ 99.97 millones en Global Payments, una firma de tecnología de pagos que perdió ligeramente las ganancias.