Sumitomo Mitsui DS Asset Management Company Ltd Has $3.48 Million Stock Position in Global Payments Inc. (NYSE:GPN)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Global Payments Inc. (NYSE:GPN) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,016 shares of the business services provider’s stock after purchasing an additional 4,246 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Global Payments were worth $3,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GPN. Pzena Investment Management LLC raised its stake in shares of Global Payments by 3.4% during the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock worth $679,952,000 after buying an additional 215,399 shares during the last quarter. Geode Capital Management LLC grew its holdings in Global Payments by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock worth $605,078,000 after acquiring an additional 31,934 shares during the period. Franklin Resources Inc. raised its position in shares of Global Payments by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock valued at $564,437,000 after acquiring an additional 83,481 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Global Payments by 13.4% during the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock valued at $330,516,000 after acquiring an additional 349,457 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Global Payments by 22.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock valued at $271,090,000 after purchasing an additional 490,411 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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 on Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, with a total value of $672,800.00. Following the transaction, the director now directly owns 42,738 shares of the company’s stock, valued at $4,957,608. This represents a 15.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group cut their price target on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $135.71.

Global Payments Price Performance

Shares of GPN opened at $109.53 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The stock has a market capitalization of $27.87 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.80 and a beta of 1.01. The company has a 50 day moving average of $112.01 and a 200-day moving average of $108.37.

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.