Stephens Inc. AR Boosts Stock Position in Global Payments Inc. (NYSE:GPN)

Stephens Inc. AR raised its position in shares of Global Payments Inc. (NYSE:GPN) by 113.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,026 shares of the business services provider’s stock after buying an additional 5,866 shares during the quarter. Stephens Inc. AR’s holdings in Global Payments were worth $1,236,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC purchased a new stake in Global Payments during the third quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments during the third quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Global Payments during the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after purchasing an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Global Payments during the 3rd quarter worth $50,000. 89.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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. Morgan Stanley increased their price objective on shares of Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods boosted their target price on shares of Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Stephens cut shares of Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $125.00 to $120.00 in a report on Friday, January 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $135.71.

Insider Transactions at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $116.00 per share, with a total value of $672,800.00. Following 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.98% of the company’s stock.

Global Payments Stock Up 1.8 %

GPN stock opened at $108.97 on Thursday. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. 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’s fifty day moving average is $111.61 and its 200 day moving average is $108.55. The firm has a market cap of $27.73 billion, a PE ratio of 20.52, a P/E/G ratio of 0.80 and a beta of 1.01.

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.