Global Payments Inc. (NYSE:GPN) Shares Bought by Edmp Inc.

Edmp Inc. increased its holdings in Global Payments Inc. (NYSE:GPN) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,775 shares of the business services provider’s stock after acquiring an additional 396 shares during the quarter. Edmp Inc.’s holdings in Global Payments were worth $983,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in GPN. Cromwell Holdings LLC acquired a new stake in shares of Global Payments in the third quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC acquired a new position in Global Payments in the 3rd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in Global Payments during the 3rd quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Global Payments by 59.6% in the third 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 during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Global Payments in the 3rd quarter valued at approximately $50,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction dated 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 completion of the purchase, the director now directly owns 42,738 shares of the company’s stock, valued at $4,957,608. The trade was a 15.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.

Global Payments Stock Down 0.1 %

Shares of NYSE:GPN opened at $109.53 on Tuesday. 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 1 year low of $91.60 and a 1 year high of $141.77. The company has a market cap of $27.87 billion, a PE ratio of 20.63, a P/E/G ratio of 0.80 and a beta of 1.01. The stock’s 50-day moving average is $112.01 and its 200 day moving average is $108.44.

Analyst Upgrades and Downgrades

GPN has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. 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. Morgan Stanley boosted their price target 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. Keefe, Bruyette & Woods raised their target price on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group reduced their price objective on Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. 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 stock. According to data from MarketBeat.com, the stock presently 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.