Fiduciary Alliance LLC Takes Position in Global Payments Inc. (NYSE:GPN)

Fiduciary Alliance LLC purchased a new stake in Global Payments Inc. (NYSE:GPN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,046 shares of the business services provider’s stock, valued at approximately $678,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPN. Massachusetts Financial Services Co. MA lifted its position in shares of Global Payments by 65.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after purchasing an additional 785,539 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Global Payments by 188.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after buying an additional 755,898 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Global Payments by 22.7% in the third quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock valued at $271,090,000 after buying an additional 490,411 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Global Payments by 316.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider’s stock worth $58,981,000 after purchasing an additional 463,568 shares during the last quarter. Finally, Soros Fund Management LLC bought a new stake in shares of Global Payments in the 3rd quarter valued at about $47,113,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BTIG Research cut Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. Susquehanna reissued a “positive” rating and issued a $147.00 price target on shares of Global Payments in a report on Tuesday, September 17th. William Blair lowered Global Payments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 25th. Monness Crespi & Hardt reduced their price target on Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, KeyCorp lowered their price objective on Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $135.71.

Global Payments Trading Up 1.0 %

Shares of Global Payments stock opened at $106.75 on Tuesday. The firm has a market capitalization of $27.17 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00. 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 firm’s 50 day moving average is $114.22 and its 200 day moving average is $106.88. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is 18.83%.

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 42,738 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available at this link. 0.98% of the stock is currently owned by corporate insiders.

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.