Global Payments Inc. (NYSE:GPN) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company decreased its holdings in Global Payments Inc. (NYSE:GPN) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,479 shares of the business services provider’s stock after selling 302 shares during the quarter. Romano Brothers AND Company’s holdings in Global Payments were worth $5,433,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Global Payments by 65.6% in the third 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 buying an additional 785,539 shares during the last quarter. AQR Capital Management LLC raised its stake in Global Payments by 188.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after acquiring an additional 755,898 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Global Payments by 1,559.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider’s stock worth $61,502,000 after acquiring an additional 515,763 shares during the period. Janus Henderson Group PLC grew 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 last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Global Payments by 316.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider’s stock valued at $58,981,000 after purchasing an additional 463,568 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the purchase, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

Global Payments Stock Down 0.6 %

Shares of NYSE:GPN opened at $108.41 on Friday. The company has a market capitalization of $27.59 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.75 and a beta of 1.00. The stock’s fifty day simple moving average is $114.01 and its 200-day simple moving average is $107.08. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid 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 dividend yield of 0.92%. Global Payments’s dividend payout ratio is currently 18.83%.

Analysts Set New Price Targets

GPN has been the topic of a number of analyst reports. Oppenheimer assumed coverage on shares of Global Payments in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $122.00 price target (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. B. Riley reduced their price objective on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. William Blair cut Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group reduced their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $135.71.

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.