Global Payments Inc. (NYSE:GPN) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital lifted its holdings in Global Payments Inc. (NYSE:GPNFree Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,973 shares of the business services provider’s stock after purchasing an additional 322 shares during the quarter. Wedmont Private Capital’s holdings in Global Payments were worth $1,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPN. Cromwell Holdings LLC purchased a new position in shares of Global Payments in the third quarter worth $25,000. Beaird Harris Wealth Management LLC purchased a new position in Global Payments in the 3rd quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in Global Payments during the 3rd quarter worth about $33,000. Whittier Trust Co. of Nevada Inc. grew its stake in Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Global Payments by 134.4% in the second quarter. Quarry LP now owns 511 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 293 shares during the period. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 25th. TD Cowen cut their price objective on shares of Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Royal Bank of Canada decreased their target price on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Barclays increased their price target on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $135.71.

Get Our Latest Research Report on Global Payments

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of $116.00 per share, with a total value of $672,800.00. Following the purchase, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Global Payments Trading Up 1.0 %

Shares of Global Payments stock opened at $106.75 on Tuesday. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The firm’s 50-day moving average price is $114.22 and its 200 day moving average price is $106.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $27.17 billion, a PE ratio of 20.10, a P/E/G ratio of 0.88 and a beta of 1.00.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, December 13th. Global Payments’s dividend payout ratio is presently 18.83%.

Global Payments Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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