Hengehold Capital Management LLC Has $531,000 Holdings in Global Payments Inc. (NYSE:GPN)

Hengehold Capital Management LLC raised its position in shares of Global Payments Inc. (NYSE:GPN) by 39.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,737 shares of the business services provider’s stock after buying an additional 1,337 shares during the period. Hengehold Capital Management LLC’s holdings in Global Payments were worth $531,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its stake in Global Payments by 13.4% in the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock worth $330,516,000 after purchasing an additional 349,457 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Global Payments by 65.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock valued at $203,047,000 after purchasing an additional 785,539 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Global Payments in the third quarter worth $562,000. Poplar Forest Capital LLC purchased a new position in shares of Global Payments during the third quarter valued at $13,184,000. Finally, Assenagon Asset Management S.A. raised its position in Global Payments by 1,559.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider’s stock valued at $61,502,000 after buying an additional 515,763 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the transaction, the director now owns 42,738 shares in the company, valued at approximately $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 accessible through the SEC website. 0.98% of the stock is owned by company insiders.

Global Payments Trading Down 0.7 %

Shares of Global Payments stock opened at $107.76 on Friday. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company’s fifty day simple moving average is $113.57 and its 200-day simple moving average is $107.40. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 0.78 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. Global Payments’s payout ratio is 18.83%.

Analyst Upgrades and Downgrades

GPN has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Barclays boosted their price objective on shares of Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Stephens downgraded shares of Global Payments from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. Sanford C. Bernstein cut shares of Global Payments from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $135.00 to $112.00 in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group cut their price objective on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus price target of $135.71.

About Global Payments

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.