Burney Co. Sells 133 Shares of Global Payments Inc. (NYSE:GPN)

Burney Co. decreased its holdings in Global Payments Inc. (NYSE:GPN) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,826 shares of the business services provider’s stock after selling 133 shares during the quarter. Burney Co.’s holdings in Global Payments were worth $1,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GPN. Park Avenue Securities LLC lifted its stake in shares of Global Payments by 27.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,358 shares of the business services provider’s stock worth $825,000 after purchasing an additional 1,604 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Global Payments by 1,559.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider’s stock valued at $61,502,000 after buying an additional 515,763 shares during the last quarter. SS&H Financial Advisors Inc. boosted its holdings in shares of Global Payments by 14.8% in the 4th quarter. SS&H Financial Advisors Inc. now owns 4,759 shares of the business services provider’s stock valued at $534,000 after buying an additional 614 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Global Payments by 4.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,708 shares of the business services provider’s stock worth $303,000 after buying an additional 127 shares during the last quarter. Finally, Fiduciary Financial Group LLC bought a new position in shares of Global Payments during the 4th quarter worth approximately $282,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

GPN has been the subject of several recent analyst reports. Oppenheimer assumed coverage on shares of Global Payments in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. B. Riley dropped their target price on Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Seaport Res Ptn cut Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Jefferies Financial Group dropped their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $135.71.

Insider Buying and Selling at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $116.00 per share, with a total value of $672,800.00. Following the completion of the purchase, the director now directly owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.

Global Payments Trading Up 0.1 %

Global Payments stock opened at $109.09 on Friday. The firm has a market cap of $27.76 billion, a PE ratio of 20.54, a P/E/G ratio of 0.75 and a beta of 1.00. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The stock’s 50 day simple moving average is $114.12 and its two-hundred day simple moving average is $106.97. 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 company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given 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 yield of 0.92%. Global Payments’s dividend payout ratio is presently 18.83%.

Global Payments 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.