Global Payments Inc. (NYSE:GPN) Shares Sold by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC trimmed its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 258,912 shares of the business services provider's stock after selling 11,500 shares during the period. Global Payments accounts for about 5.1% of Value Holdings Management CO. LLC's holdings, making the stock its 9th biggest holding. Value Holdings Management CO. LLC owned approximately 0.10% of Global Payments worth $29,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cromwell Holdings LLC acquired a new position in Global Payments during the 3rd quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments in the 3rd quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in Global Payments in the 3rd quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 worth $39,000 after buying an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Global Payments during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Global Payments from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. BTIG Research lowered shares of Global Payments from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 25th. Royal Bank of Canada decreased their price target on Global Payments from $143.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. KeyCorp lowered their target price on shares of Global Payments from $145.00 to $135.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 25th. Finally, BMO Capital Markets cut their price target on Global Payments from $126.00 to $122.00 and set a "market perform" rating for the company in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $135.71.

Insider Activity

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

Global Payments Stock Down 0.6 %

GPN traded down $0.69 during midday trading on Friday, reaching $108.41. The company's stock had a trading volume of 2,574,832 shares, compared to its average volume of 1,141,367. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The stock's 50-day moving average is $114.01 and its 200-day moving average is $107.15. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.75 and a beta of 1.00. 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 disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.92%. Global Payments's payout ratio is 18.83%.

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.