Union Bancaire Privee UBP SA purchased a new stake in Global Payments Inc. (NYSE:GPN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,241 shares of the business services provider's stock, valued at approximately $476,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its holdings in shares of Global Payments by 3.4% in the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider's stock valued at $679,952,000 after purchasing an additional 215,399 shares in the last quarter. Geode Capital Management LLC raised its position in Global Payments by 0.5% during 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 period. Franklin Resources Inc. lifted its stake in Global Payments by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider's stock worth $564,437,000 after acquiring an additional 83,481 shares in the last quarter. Nordea Investment Management AB boosted its position in 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 grew its stake in 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 valued at $271,090,000 after acquiring an additional 490,411 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.
Insider Activity at Global Payments
In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the company's stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, 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 accessible through the SEC website. Corporate insiders own 0.98% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on GPN shares. StockNews.com upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Sanford C. Bernstein lowered shares of Global Payments from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $135.00 to $112.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price target on shares of Global Payments from $118.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 29th. 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $122.00 target price (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $135.71.
Read Our Latest Research Report on Global Payments
Global Payments Stock Performance
GPN traded up $0.01 during midday trading on Friday, reaching $112.92. The company's stock had a trading volume of 1,621,552 shares, compared to its average volume of 1,363,408. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $112.82 and a 200 day simple moving average of $108.00. The stock has a market cap of $28.74 billion, a P/E ratio of 21.27, a PEG ratio of 0.79 and a beta of 1.00. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77.
Global Payments Company Profile
(
Free Report)
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.
See Also
Before you consider Global Payments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Payments wasn't on the list.
While Global Payments currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
