Global Payments Inc. (NYSE:GPN) Shares Sold by AM Investment Strategies LLC

AM Investment Strategies LLC lowered its position in shares of Global Payments Inc. (NYSE:GPN) by 14.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,593 shares of the business services provider’s stock after selling 1,573 shares during the period. AM Investment Strategies LLC’s holdings in Global Payments were worth $1,075,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cromwell Holdings LLC acquired a new stake in shares of Global Payments in the third quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC bought a new stake in Global Payments during the 3rd quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in Global Payments during the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. boosted its position in Global Payments by 59.6% during the 3rd 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, Quarry LP grew its stake in shares of Global Payments by 134.4% in the second quarter. Quarry LP now owns 511 shares of the business services provider’s stock worth $49,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Price Performance

NYSE GPN opened at $108.92 on Friday. The company has a 50 day simple moving average of $113.40 and a 200-day simple moving average of $107.40. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Global Payments Dividend Announcement

The business also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is currently 18.83%.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction dated 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 acquisition, the director now directly 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 legal filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GPN has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Royal Bank of Canada decreased their price objective 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. Barclays boosted their target price on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Stephens cut Global Payments from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $125.00 to $120.00 in a research report on Friday, January 10th. Finally, StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Global Payments has an average rating of “Hold” and an average target price 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.