GAMMA Investing LLC Has $237,000 Stock Holdings in Global Payments Inc. (NYSE:GPN)

GAMMA Investing LLC boosted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,118 shares of the business services provider’s stock after purchasing an additional 335 shares during the quarter. GAMMA Investing LLC’s holdings in Global Payments were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stanley Capital Management LLC grew its stake in shares of Global Payments by 18.9% in the second quarter. Stanley Capital Management LLC now owns 125,608 shares of the business services provider’s stock worth $12,146,000 after acquiring an additional 20,000 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Global Payments by 65.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock valued at $203,047,000 after purchasing an additional 785,539 shares during the period. Entropy Technologies LP acquired a new stake in Global Payments in the 3rd quarter worth $562,000. Poplar Forest Capital LLC bought a new position in shares of Global Payments during the 3rd quarter worth about $13,184,000. Finally, River Road Asset Management LLC lifted its stake in shares of Global Payments by 158.6% in the third quarter. River Road Asset Management LLC now owns 491,331 shares of the business services provider’s stock valued at $50,322,000 after buying an additional 301,358 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 0.5 %

Shares of NYSE:GPN opened at $112.42 on Wednesday. The company’s 50-day moving average price is $113.85 and its two-hundred day moving average price is $106.51. 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 stock has a market capitalization of $28.61 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.89%. Global Payments’s dividend payout ratio (DPR) is presently 18.83%.

Analyst Ratings Changes

GPN has been the topic of several research reports. Seaport Res Ptn lowered Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group upped their target price on Global Payments from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. 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. Susquehanna restated a “positive” rating and issued a $147.00 price objective on shares of Global Payments in a research note on Tuesday, September 17th. Finally, Morgan Stanley lifted their target price on shares of Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.55.

Insider Buying and Selling at Global Payments

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

Global Payments Company 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.