Nisa Investment Advisors LLC Sells 1,054 Shares of Global Payments Inc. (NYSE:GPN)

Nisa Investment Advisors LLC lessened its position in shares of Global Payments Inc. (NYSE:GPN) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,034 shares of the business services provider’s stock after selling 1,054 shares during the period. Nisa Investment Advisors LLC’s holdings in Global Payments were worth $10,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cromwell Holdings LLC acquired a new stake in Global Payments in the third quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC bought a new stake in Global Payments during the 3rd quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Global Payments in the 3rd quarter worth about $33,000. Whittier Trust Co. of Nevada Inc. raised its position in Global Payments by 59.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Global Payments by 134.4% during the second quarter. Quarry LP now owns 511 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 293 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Insider Activity at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $116.00 per share, with a total value of $672,800.00. Following the completion of the transaction, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. The trade was a 15.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GPN has been the subject of a number of research reports. Morgan Stanley raised their price objective on shares of Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Sanford C. Bernstein cut shares of Global Payments from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $135.00 to $112.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their target price 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. Royal Bank of Canada reduced their price target on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Stephens downgraded Global Payments from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $135.71.

Global Payments Stock Performance

Shares of Global Payments stock opened at $107.76 on Friday. The company has a market cap of $27.42 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 0.78 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The business has a 50 day moving average price of $113.57 and a 200-day moving average price of $107.40.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.25 dividend. The ex-dividend date 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%.

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.