Equitable Trust Co. Buys Shares of 25,647 Global Payments Inc. (NYSE:GPN)

Equitable Trust Co. bought a new stake in Global Payments Inc. (NYSE:GPN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,647 shares of the business services provider’s stock, valued at approximately $2,874,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GPN. Sanctuary Advisors LLC purchased a new position in Global Payments in the second quarter valued at about $900,000. Mather Group LLC. grew its stake in Global Payments by 34.2% in the third quarter. Mather Group LLC. now owns 1,596 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 407 shares in the last quarter. CWM LLC grew its stake in Global Payments by 11.4% in the third quarter. CWM LLC now owns 38,492 shares of the business services provider’s stock valued at $3,942,000 after purchasing an additional 3,946 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Global Payments by 247.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,961 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in Global Payments in the third quarter valued at about $464,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. This represents a 15.70 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by insiders.

Global Payments Trading Down 1.5 %

Global Payments stock opened at $109.53 on Monday. The business has a 50 day moving average price of $112.01 and a two-hundred day moving average price of $108.37. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market cap of $27.87 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77.

Analyst Ratings Changes

Several analysts have recently issued reports on GPN shares. Jefferies Financial Group decreased 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. Barclays upped their price target on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price target on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley upped their price target on Global Payments from $156.00 to $166.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $135.71.

Global Payments Company 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.