E. Ohman J or Asset Management AB lifted its position in shares of Global Payments Inc. (NYSE:GPN – Free 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
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
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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