Forsta AP Fonden Buys 900 Shares of Global Payments Inc. (NYSE:GPN)

Forsta AP Fonden increased its stake in Global Payments Inc. (NYSE:GPN) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 50,300 shares of the business services provider’s stock after purchasing an additional 900 shares during the period. Forsta AP Fonden’s holdings in Global Payments were worth $5,637,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB increased 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 increased its stake 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 worth $203,047,000 after buying an additional 785,539 shares during the period. Entropy Technologies LP bought a new stake in Global Payments during the 3rd quarter valued at $562,000. Poplar Forest Capital LLC purchased a new stake in Global Payments during the 3rd quarter valued at $13,184,000. Finally, Assenagon Asset Management S.A. grew its holdings in Global Payments by 1,559.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider’s stock worth $61,502,000 after acquiring an additional 515,763 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

Global Payments Stock Up 0.0 %

NYSE:GPN opened at $112.92 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $28.74 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.79 and a beta of 1.00. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The firm has a 50-day simple moving average of $112.90 and a two-hundred day simple moving average of $107.91.

Analyst Ratings Changes

GPN has been the subject of several recent analyst reports. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Morgan Stanley boosted their target price on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group dropped their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $135.71.

Global Payments Profile

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.