Community Bank & Trust Waco Texas Has $1.66 Million Position in Global Payments Inc. (NYSE:GPN)

Community Bank & Trust Waco Texas reduced its stake in shares of Global Payments Inc. (NYSE:GPN) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,831 shares of the business services provider’s stock after selling 1,283 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Global Payments were worth $1,662,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC lifted its position in shares of Global Payments by 0.3% during the 3rd quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock valued at $2,760,000 after acquiring an additional 86 shares during the period. Sage Capital Advisors llc lifted its position in shares of Global Payments by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock worth $3,164,000 after buying an additional 96 shares during the last quarter. SYM FINANCIAL Corp lifted its position in shares of Global Payments by 4.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock worth $250,000 after buying an additional 97 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Global Payments by 1.2% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock worth $841,000 after buying an additional 98 shares during the last quarter. Finally, Greenleaf Trust lifted its position in shares of Global Payments by 5.9% during the 4th quarter. Greenleaf Trust now owns 2,068 shares of the business services provider’s stock worth $232,000 after buying an additional 115 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on GPN. Sanford C. Bernstein downgraded Global Payments from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Stephens downgraded Global Payments from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $125.00 to $120.00 in a research report on Friday, January 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $122.00 price target (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Finally, Keefe, Bruyette & Woods increased their price target on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. One equities research 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 data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $135.71.

Insiders Place Their Bets

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction dated Friday, December 13th. The stock was bought 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 $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.98% of the company’s stock.

Global Payments Stock Performance

NYSE:GPN opened at $109.53 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day simple moving average of $112.01 and a two-hundred day simple moving average of $108.44. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a market capitalization of $27.87 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.80 and a beta of 1.01.

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.