Fiduciary Financial Group LLC Buys Shares of 2,669 Global Payments Inc. (NYSE:GPN)

Fiduciary Financial Group LLC purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,669 shares of the business services provider’s stock, valued at approximately $282,000.

Other hedge funds also recently modified their holdings of the company. Cromwell Holdings LLC acquired a new position in shares of Global Payments during the 3rd quarter valued at $25,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments in the 3rd quarter worth $25,000. Capital Performance Advisors LLP purchased a new position in shares of Global Payments during the third quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of 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 valued at $39,000 after buying an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Global Payments during the third quarter valued at $50,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of Global Payments stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is owned by company insiders.

Global Payments Trading Up 0.9 %

GPN stock opened at $109.11 on Thursday. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $141.77. The firm has a market cap of $27.77 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.88 and a beta of 1.00. The business’s 50 day moving average is $114.24 and its 200-day moving average is $106.96. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, December 13th. Global Payments’s payout ratio is currently 18.83%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GPN. Barclays lifted their price target on Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. William Blair cut Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Stephens cut Global Payments from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $125.00 to $120.00 in a research report on Friday, January 10th. StockNews.com cut Global Payments from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Jefferies Financial Group reduced their price objective on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Global Payments has an average rating of “Hold” and a consensus target price of $135.71.

About Global Payments

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.