Global Payments Inc. (NYSE:GPN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Global Payments Inc. (NYSE:GPN) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,921 shares of the business services provider’s stock after selling 606 shares during the quarter. Yousif Capital Management LLC’s holdings in Global Payments were worth $3,801,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cromwell Holdings LLC acquired a new position in shares of Global Payments in the 3rd quarter valued at $25,000. Beaird Harris Wealth Management LLC purchased a new position in Global Payments in the third quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of Global Payments in the third quarter worth about $33,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 worth $39,000 after acquiring an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Global Payments during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays upped their price target on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Jefferies Financial Group reduced their target price 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. JPMorgan Chase & Co. dropped their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley lifted their target price 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. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $135.71.

Insider Buying and Selling at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of Global Payments stock in a transaction on Friday, December 13th. The shares were bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the transaction, the director now directly owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.98% of the stock is currently owned by company insiders.

Global Payments Trading Down 1.5 %

Shares of GPN opened at $109.53 on Friday. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77. The firm has a market capitalization of $27.87 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.81 and a beta of 1.01. The firm has a 50-day moving average price of $112.19 and a 200 day moving average price of $108.25. 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 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.