Leavell Investment Management Inc. Buys 328 Shares of Global Payments Inc. (NYSE:GPN)

Leavell Investment Management Inc. boosted its stake in Global Payments Inc. (NYSE:GPN) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,878 shares of the business services provider’s stock after purchasing an additional 328 shares during the quarter. Leavell Investment Management Inc.’s holdings in Global Payments were worth $9,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new position in Global Payments in the 3rd quarter worth about $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments during the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in shares of Global Payments during the 3rd quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. boosted its position 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 valued at $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 during the 3rd quarter valued at about $50,000. Institutional investors own 89.76% of the company’s stock.

Insider Activity at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of $116.00 per share, with a total value 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. The trade was 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 this hyperlink. 0.98% of the stock is currently owned by insiders.

Global Payments Trading Down 2.4 %

NYSE GPN opened at $106.96 on Wednesday. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The stock has a market cap of $27.22 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.80 and a beta of 1.01. The stock’s fifty day moving average price is $111.83 and its 200-day moving average price is $108.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GPN. Stephens downgraded Global Payments from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $125.00 to $120.00 in a research report on Friday, January 10th. Morgan Stanley lifted their price target on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Barclays lifted their price target on Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada dropped their price target on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $135.71.

Global Payments 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.