Global Payments Inc. (NYSE:GPN) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its position in shares of Global Payments Inc. (NYSE:GPNFree Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,774 shares of the business services provider’s stock after buying an additional 3,000 shares during the period. E. Ohman J or Asset Management AB’s holdings in Global Payments were worth $4,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cromwell Holdings LLC purchased a new stake in Global Payments during the third quarter worth about $25,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Global Payments during the third quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in Global Payments in the third quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. grew its position 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 worth $39,000 after purchasing an additional 143 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Global Payments during the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Insider Activity

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm’s stock in a transaction 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 transaction, the director now owns 42,738 shares in the company, 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 filing with the SEC, which is accessible through this link. Company insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

GPN has been the topic of several analyst reports. Jefferies Financial Group lowered their target price 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. Keefe, Bruyette & Woods upped their target price on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Stephens lowered shares of Global Payments from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $125.00 to $120.00 in a research report on Friday, January 10th. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $135.00 to $112.00 in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada cut their target price on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $135.71.

Get Our Latest Stock Analysis on GPN

Global Payments Price Performance

Shares of GPN opened at $110.62 on Tuesday. 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 firm has a market cap of $28.15 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 0.81 and a beta of 1.01. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The stock has a 50 day moving average of $112.82 and a 200-day moving average of $108.07.

Global Payments 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.

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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