1,800 Shares in Global Payments Inc. (NYSE:GPN) Acquired by Gabelli Funds LLC

Gabelli Funds LLC purchased a new stake in shares of Global Payments Inc. (NYSE:GPNFree Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,800 shares of the business services provider’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also bought and sold shares of GPN. BluePath Capital Management LLC bought a new stake in Global Payments in the third quarter valued at $27,000. Clear Street Markets LLC purchased a new stake in shares of Global Payments in the 4th quarter worth about $27,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Global Payments during the 3rd quarter valued at about $47,000. NBC Securities Inc. purchased a new position in shares of Global Payments during the third quarter valued at about $51,000. Finally, Credit Agricole S A bought a new position in Global Payments in the second quarter worth about $55,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GPN. BTIG Research initiated coverage on Global Payments in a report on Monday, November 20th. They set a “buy” rating and a $135.00 target price on the stock. Evercore ISI raised Global Payments from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $129.00 to $185.00 in a research note on Friday, February 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $154.00 price objective on shares of Global Payments in a research report on Tuesday, December 19th. TheStreet raised shares of Global Payments from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, Wedbush lifted their price target on shares of Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.37.

Check Out Our Latest Research Report on GPN

Global Payments Price Performance

NYSE GPN opened at $136.00 on Monday. The stock has a market capitalization of $35.41 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 0.83 and a beta of 1.00. Global Payments Inc. has a 1-year low of $94.05 and a 1-year high of $138.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average price is $129.01 and its 200-day moving average price is $121.48.

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 three segments: Merchant Solutions, Issuer Solutions, and Consumer 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.

See Also

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

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