Y.D. More Investments Ltd Purchases 120 Shares of Global Payments Inc. (NYSE:GPN)

Y.D. More Investments Ltd grew its position in Global Payments Inc. (NYSE:GPN) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,949 shares of the business services provider’s stock after buying an additional 120 shares during the period. Y.D. More Investments Ltd’s holdings in Global Payments were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of GPN. Tidal Investments LLC lifted its position in Global Payments by 0.3% in the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock worth $2,760,000 after purchasing an additional 86 shares during the period. Sage Capital Advisors llc lifted its holdings in shares of Global Payments by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock worth $3,164,000 after acquiring an additional 96 shares during the period. SYM FINANCIAL Corp boosted its position in shares of Global Payments by 4.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 97 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in Global Payments by 1.2% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 98 shares during the period. Finally, Greenleaf Trust raised its position in Global Payments by 5.9% in the fourth quarter. Greenleaf Trust now owns 2,068 shares of the business services provider’s stock worth $232,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 0.5 %

NYSE GPN opened at $110.12 on Wednesday. Global Payments Inc. has a one year low of $91.60 and a one year 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. The firm has a market cap of $28.03 billion, a P/E ratio of 20.74, a P/E/G ratio of 0.81 and a beta of 1.01. The stock’s 50-day moving average is $112.66 and its 200-day moving average is $108.14.

Insiders Place Their Bets

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the purchase, the director now owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. The trade was a 15.70 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GPN. Royal Bank of Canada decreased their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Sanford C. Bernstein cut shares of Global Payments from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. 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 note on Tuesday, December 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $122.00 price target (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. decreased their price objective 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. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.