Global Payments Inc. (NYSE:GPN) Stake Raised by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB increased its holdings in Global Payments Inc. (NYSE:GPN) by 770.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,819 shares of the business services provider’s stock after buying an additional 2,495 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Global Payments were worth $316,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC acquired a new position in Global Payments during the 3rd quarter worth $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments during the third quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in Global Payments in the third quarter worth about $33,000. Whittier Trust Co. of Nevada Inc. grew its position in 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 valued at $39,000 after buying an additional 143 shares in the last quarter. Finally, Quarry LP raised its position in shares of Global Payments by 134.4% during the 2nd quarter. Quarry LP now owns 511 shares of the business services provider’s stock worth $49,000 after buying an additional 293 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of Global Payments 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock.

Global Payments Stock Down 0.0 %

GPN opened at $108.52 on Thursday. The company has a market capitalization of $27.62 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 0.78 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The business has a 50-day moving average of $113.72 and a 200-day moving average of $107.39.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, December 13th. Global Payments’s payout ratio is presently 18.83%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GPN. 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 report on Wednesday, December 18th. KeyCorp lowered their price target on Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. BMO Capital Markets dropped their price objective on Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 25th. Sanford C. Bernstein cut Global Payments from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $135.00 to $112.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday. One 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $135.71.

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.