Fiduciary Financial Group LLC Purchases New Shares in Global Payments Inc. (NYSE:GPN)

Fiduciary Financial Group LLC purchased a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,669 shares of the business services provider's stock, valued at approximately $282,000.

A number of other institutional investors have also recently made changes to their positions in GPN. Cromwell Holdings LLC bought a new position in Global Payments in the 3rd quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC bought a new position in shares of Global Payments during the third quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of Global Payments during the third quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. boosted its position 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 during the last quarter. Finally, Quarry LP increased its holdings in Global Payments by 134.4% in the 2nd quarter. Quarry LP now owns 511 shares of the business services provider's stock worth $49,000 after buying an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Global Payments Price Performance

Shares of NYSE:GPN traded up $0.07 during trading on Thursday, hitting $109.09. 1,198,988 shares of the company's stock were exchanged, compared to its average volume of 1,497,149. The business's 50-day simple moving average is $114.12 and its 200 day simple moving average is $106.97. The company has a market cap of $27.76 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.75 and a beta of 1.00. Global Payments Inc. has a 52-week low of $91.60 and a 52-week 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.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, December 13th. Global Payments's payout ratio is currently 18.83%.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of Global Payments stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, with a total value of $672,800.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.98% of the company's stock.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of recent analyst reports. Sanford C. Bernstein downgraded shares of Global Payments from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $135.00 to $112.00 in a report on Tuesday, October 22nd. Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $125.00 to $120.00 in a report on Friday, January 10th. KeyCorp cut their target price on shares of Global Payments from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. The Goldman Sachs Group reissued a "neutral" rating and set a $122.00 price target (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. cut their price objective on Global Payments from $118.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. One investment 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, the company has an average rating of "Hold" and an average price target 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.