Global Payments Inc. (NYSE:GPN) Shares Sold by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC lowered its stake in Global Payments Inc. (NYSE:GPN) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,912 shares of the business services provider’s stock after selling 11,500 shares during the quarter. Global Payments comprises about 5.1% of Value Holdings Management CO. LLC’s portfolio, making the stock its 9th biggest holding. Value Holdings Management CO. LLC’s holdings in Global Payments were worth $29,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cromwell Holdings LLC acquired a new stake in shares of Global Payments during the 3rd quarter valued at $25,000. Beaird Harris Wealth Management LLC acquired a new position in Global Payments in the third quarter worth about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Global Payments in the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. grew its stake in Global Payments by 59.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after buying an additional 143 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Global Payments in the 3rd quarter valued at $50,000. Institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GPN shares. B. Riley decreased their price target on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. William Blair cut Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. KeyCorp dropped their price target on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Monness Crespi & Hardt dropped their target price on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group decreased their price objective 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. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Global Payments currently has an average rating of “Hold” and an average target price of $135.71.

Global Payments Price Performance

Shares of NYSE:GPN traded down $0.69 during midday trading on Friday, hitting $108.41. The stock had a trading volume of 2,574,832 shares, compared to its average volume of 1,141,367. 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 company has a market capitalization of $27.59 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 0.75 and a beta of 1.00. The company’s 50-day moving average price is $114.06 and its 200-day moving average price is $106.99. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, December 13th. Global Payments’s dividend payout ratio is presently 18.83%.

Insider Transactions at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired 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 approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is owned by insiders.

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.