Savant Capital LLC Raises Position in Global Payments Inc. (NYSE:GPN)

Savant Capital LLC increased its holdings in Global Payments Inc. (NYSE:GPN) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,404 shares of the business services provider’s stock after acquiring an additional 846 shares during the quarter. Savant Capital LLC’s holdings in Global Payments were worth $5,984,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank of Canada decreased their target price on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group restated a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Barclays lifted their price objective on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Finally, Morgan Stanley lifted their price objective on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Global Payments has a consensus rating of “Hold” and an average price target of $135.71.

Global Payments Stock Performance

Shares of GPN stock opened at $109.53 on Tuesday. The company has a 50 day moving average price of $112.01 and a 200-day moving average price of $108.44. 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 $27.87 billion, a PE ratio of 20.63, a P/E/G ratio of 0.80 and a beta of 1.01. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Insider Transactions at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the transaction, the director now owns 42,738 shares in the company, valued at $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.98% of the company’s stock.

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.