Machina Capital S.A.S. Has $323,000 Position in Global Payments Inc. $GPN

Machina Capital S.A.S. cut its holdings in shares of Global Payments Inc. (NYSE:GPN) by 85.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,893 shares of the business services provider’s stock after selling 23,708 shares during the period. Machina Capital S.A.S.’s holdings in Global Payments were worth $323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its holdings in shares of Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after purchasing an additional 218 shares during the period. Root Financial Partners LLC acquired a new position in Global Payments during the 3rd quarter worth about $27,000. LRI Investments LLC grew its position in shares of Global Payments by 53.4% in the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after buying an additional 133 shares during the last quarter. Mather Group LLC. bought a new position in shares of Global Payments during the third quarter worth about $37,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Global Payments by 103.7% in the third quarter. Cromwell Holdings LLC now owns 497 shares of the business services provider’s stock worth $41,000 after acquiring an additional 253 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Trading Up 0.7%

GPN opened at $71.29 on Friday. The company has a fifty day moving average price of $77.22 and a two-hundred day moving average price of $81.10. Global Payments Inc. has a 1-year low of $65.93 and a 1-year high of $112.50. The company has a market cap of $16.88 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57.

Global Payments (NYSE:GPN) last issued its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $3.23 by $0.03. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $3.08 EPS. Analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a report on Monday, November 24th. Evercore ISI lowered their target price on shares of Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. TD Cowen cut their price target on shares of Global Payments from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, January 12th. UBS Group reiterated a “neutral” rating and set a $93.00 price target on shares of Global Payments in a report on Wednesday, January 21st. Finally, Rothschild & Co Redburn lifted their price objective on Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.82.

Insider Transactions at Global Payments

In other Global Payments news, Director Connie D. Mcdaniel sold 4,464 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total value of $347,343.84. Following the completion of the sale, the director owned 30,014 shares of the company’s stock, valued at approximately $2,335,389.34. This trade represents a 12.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David M. Sheffield sold 2,016 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $81.41, for a total value of $164,122.56. Following the transaction, the executive vice president directly owned 14,438 shares in the company, valued at $1,175,397.58. The trade was a 12.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,080 shares of company stock worth $1,439,350 in the last three months. Insiders own 1.01% of the company’s stock.

Global Payments Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.