Global Payments Inc. (NYSE:GPN) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,949 shares of the business services provider’s stock after acquiring an additional 120 shares during the quarter. Y.D. More Investments Ltd’s holdings in Global Payments were worth $779,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GPN. Cromwell Holdings LLC acquired a new stake in Global Payments in the 3rd quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC acquired a new stake in Global Payments in the third quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in Global Payments in the 3rd quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. increased its stake in Global Payments by 59.6% during 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, Exchange Traded Concepts LLC bought a new stake in shares of Global Payments during the 3rd quarter worth about $50,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of GPN stock opened at $110.12 on Wednesday. The firm has a market cap of $28.03 billion, a P/E ratio of 20.74, a PEG ratio of 0.81 and a beta of 1.01. The stock’s 50-day moving average is $112.66 and its two-hundred day moving average is $108.14. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Insider Buying and Selling at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of Global Payments stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analyst Weigh In

GPN has been the topic of several recent analyst reports. Barclays boosted their target price on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $122.00 price target (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Jefferies Financial Group lowered their price objective on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $135.71.

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.