GHP Investment Advisors Inc. Purchases 509 Shares of Global Payments Inc. (NYSE:GPN)

GHP Investment Advisors Inc. lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,130 shares of the business services provider’s stock after acquiring an additional 509 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Global Payments were worth $5,281,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. NovaPoint Capital LLC lifted its holdings in Global Payments by 23.1% during the fourth quarter. NovaPoint Capital LLC now owns 3,200 shares of the business services provider’s stock valued at $359,000 after purchasing an additional 600 shares during the last quarter. Econ Financial Services Corp bought a new stake in shares of Global Payments in the fourth quarter valued at approximately $474,000. Tectonic Advisors LLC lifted its stake in shares of Global Payments by 11.2% during the 4th quarter. Tectonic Advisors LLC now owns 3,967 shares of the business services provider’s stock valued at $445,000 after buying an additional 399 shares in the last quarter. Deltec Asset Management LLC bought a new position in Global Payments in the 4th quarter worth approximately $482,000. Finally, Y.D. More Investments Ltd grew its stake in Global Payments by 1.8% in the 4th quarter. Y.D. More Investments Ltd now owns 6,949 shares of the business services provider’s stock valued at $779,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GPN. Sanford C. Bernstein downgraded Global Payments from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Jefferies Financial Group cut 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. decreased their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada cut 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 report 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $135.71.

Global Payments Price Performance

GPN opened at $110.93 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $28.23 billion, a P/E ratio of 20.89, a PEG ratio of 0.81 and a beta of 1.01. The stock has a 50-day moving average price of $112.36 and a 200-day moving average price of $108.23. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77.

Insiders Place Their Bets

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

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.