Grandview Asset Management LLC Invests $459,000 in Global Payments Inc (GPN) Stock

Grandview Asset Management LLC acquired a new stake in shares of Global Payments Inc (NYSE:GPN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,451 shares of the business services provider’s stock, valued at approximately $459,000.

A number of other large investors also recently modified their holdings of GPN. Millennium Management LLC lifted its stake in Global Payments by 72.2% during the 2nd quarter. Millennium Management LLC now owns 22,870 shares of the business services provider’s stock valued at $2,550,000 after acquiring an additional 9,588 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Global Payments by 15.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 28,716 shares of the business services provider’s stock valued at $3,202,000 after acquiring an additional 3,772 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Global Payments by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,077,382 shares of the business services provider’s stock valued at $120,117,000 after acquiring an additional 11,189 shares in the last quarter. FMR LLC lifted its stake in Global Payments by 12.5% during the 2nd quarter. FMR LLC now owns 9,712,626 shares of the business services provider’s stock valued at $1,082,860,000 after acquiring an additional 1,082,153 shares in the last quarter. Finally, Atria Investments LLC lifted its stake in Global Payments by 5.6% during the 3rd quarter. Atria Investments LLC now owns 8,156 shares of the business services provider’s stock valued at $1,039,000 after acquiring an additional 431 shares in the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.

Shares of GPN opened at $114.90 on Monday. Global Payments Inc has a fifty-two week low of $94.81 and a fifty-two week high of $129.25. The stock has a market capitalization of $18.18 billion, a P/E ratio of 28.65, a PEG ratio of 1.12 and a beta of 1.15. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13.

Several equities research analysts have recently issued reports on GPN shares. Guggenheim lowered Global Payments from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th. Robert W. Baird raised their target price on Global Payments from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. KeyCorp decreased their target price on Global Payments from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, January 2nd. Goldman Sachs Group raised Global Payments from a “neutral” rating to a “buy” rating and raised their target price for the company from $122.00 to $128.00 in a research report on Tuesday, January 8th. Finally, Zacks Investment Research lowered Global Payments from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $131.11.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of Global Payments stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $110.82, for a total transaction of $332,460.00. Following the completion of the transaction, the director now owns 72,399 shares of the company’s stock, valued at approximately $8,023,257.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $109.66, for a total value of $76,762.00. Following the transaction, the director now directly owns 42,169 shares of the company’s stock, valued at approximately $4,624,252.54. The disclosure for this sale can be found here. In the last three months, insiders sold 6,700 shares of company stock valued at $715,282. 0.98% of the stock is currently owned by insiders.

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About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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

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