Fiduciary Alliance LLC Takes Position in Global Payments Inc. (NYSE:GPN)

Fiduciary Alliance LLC bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,046 shares of the business services provider’s stock, valued at approximately $678,000.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GPN shares. Morgan Stanley upped their target price on shares of Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Oppenheimer started coverage on Global Payments in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. 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. Finally, Royal Bank of Canada cut their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Global Payments has an average rating of “Hold” and a consensus price target of $135.71.

Insider Buying and Selling at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.98% of the company’s stock.

Global Payments Stock Performance

Global Payments stock opened at $106.75 on Tuesday. The company has a market cap of $27.17 billion, a PE ratio of 20.10, a PEG ratio of 0.88 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company’s 50-day moving average is $114.22 and its two-hundred day moving average is $106.88.

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 issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.94%. Global Payments’s dividend payout ratio is currently 18.83%.

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.