Choreo LLC Has $453,000 Stake in Global Payments Inc. (NYSE:GPN)

Choreo LLC reduced its stake in Global Payments Inc. (NYSE:GPN) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,086 shares of the business services provider’s stock after selling 225 shares during the quarter. Choreo LLC’s holdings in Global Payments were worth $453,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GPN. Cromwell Holdings LLC bought a new stake in Global Payments during the 3rd quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments in the third quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Global Payments in the third quarter worth $33,000. Whittier Trust Co. of Nevada Inc. increased its position in Global Payments by 59.6% during 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 period. Finally, Exchange Traded Concepts LLC acquired a new position in Global Payments during the 3rd quarter valued at $50,000. Institutional investors own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.98% of the company’s stock.

Global Payments Trading Up 1.8 %

Shares of NYSE GPN opened at $108.97 on Thursday. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week 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 capitalization of $27.73 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.80 and a beta of 1.01. The company’s 50 day simple moving average is $111.61 and its 200 day simple moving average is $108.55.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GPN. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Stephens lowered Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $125.00 to $120.00 in a report on Friday, January 10th. Morgan Stanley upped their target price on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Global Payments has an average 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.