SG Americas Securities LLC Has $225,000 Stock Holdings in Global Payments Inc. (NYSE:GPN)

SG Americas Securities LLC trimmed its stake in Global Payments Inc. (NYSE:GPN) by 41.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,010 shares of the business services provider’s stock after selling 1,443 shares during the quarter. SG Americas Securities LLC’s holdings in Global Payments were worth $225,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC grew its holdings in 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 purchasing an additional 215,399 shares during the period. Geode Capital Management LLC lifted its position in shares of Global Payments by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock valued at $605,078,000 after buying an additional 31,934 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Global Payments by 1.5% in the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock valued at $564,437,000 after buying an additional 83,481 shares during the last quarter. Nordea Investment Management AB boosted its stake 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 worth $330,516,000 after acquiring an additional 349,457 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Global Payments by 22.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after acquiring an additional 490,411 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Royal Bank of Canada reduced their target price on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target 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. Keefe, Bruyette & Woods boosted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, 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 report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Global Payments presently has an average rating of “Hold” and an average price target of $135.71.

Global Payments Trading Down 1.5 %

Shares of GPN stock opened at $109.53 on Friday. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The stock’s fifty day moving average price is $112.19 and its two-hundred day moving average price is $108.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $27.87 billion, a PE ratio of 20.63, a P/E/G ratio of 0.81 and a beta of 1.01.

Insider Buying and Selling

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This trade represents 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 through this hyperlink. 0.98% of the stock is 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.