Global Payments to Join the S&P 500 Index
Shares of Global Payments Inc (NYSE:GPN) have gained approximately 0.14% today after the S&P Dow Jones Indices said on Tuesday that the company will join the S&P 500 Index, replacing GameStop Corp. (NYSE:GME) by the end of this week. The payment services company is also expected to announce the acquisition of Heartland Payment Systems on April 22. GameStop will replace Global Payments in the S&P Mid-Cap 400.
Out of the 785 hedge funds tracked by us, 28 funds held stakes in Global Payments Inc (NYSE:GPN) at the end of 2015 with a total value of approximately $398.9 million. Jim Simons’ Renaissance Technologies had one of the largest stakes in the company at hat time, of more than 1.14 million shares.
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Earnings Report Sends Tupperware Down
Tupperware Brands Corporation (NYSE:TUP) has lost more than 5% today after the company announced its first quarter earnings results. The company’s profit declined to $45.9 million, or $0.91 per share compared to last year’s first quarter profit of $51.2 million, or $1.02 per share. GAAP net income surged to $43.4 million however, up from the year-ago period’s $29.5 million figure. Net sales for the first quarter were $525.7 million, down by 10% year-over-year. In a statement, Rick Goings, Tupperware Brands Corporation (NYSE:TUP)’s CEO, said that the company achieved strong performance in Argentina, Brazil, China, Mexico, the U.S, and Canada. He pledged to strengthen the core of the company through sustainable growth and by expanding reach.
Overall, 18 hedge funds in our system held long positions in Tupperware Brands Corporation (NYSE:TUP) at the end of December, with Joe Huber’s Huber Capital owning 1.56 million shares of the company at that time.
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Nielsen N.V Earnings Report
Nielsen N.V. Ordinary Shares (NYSE:NLSN)’s stock has lost more than 2.5% after the company released its first quarter financial results this morning. The company revealed that its net income surged by more than 60% to $101 million year-over-year, with EPS checking in at $0.27. Nielsen’s revenue rose to $1.49 billion, which was in-line with the Street’s estimates. The company announced a set-top-box deal with DISH Network Corp (NASDAQ:DISH) earlier this month that will facilitate the company’s gathering of viewership data.
23 hedge funds tracked by Insider Monkey held stakes in Nielsen N.V. Ordinary Shares (NYSE:NLSN) at the end of the fourth quarter with a total value of approximately $474.2 million. David Blood and Al Gore’s Generation Investment Management was one of the most notable shareholders of the company, with ownership of 1.60 million shares.
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