Canada Pension Plan Investment Board Has $11.42 Million Stake in Global Payments Inc. (NYSE:GPN)

Canada Pension Plan Investment Board trimmed its position in shares of Global Payments Inc. (NYSE:GPNFree Report) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,955 shares of the business services provider’s stock after selling 1,044 shares during the period. Canada Pension Plan Investment Board’s holdings in Global Payments were worth $11,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new position in Global Payments during the third quarter worth $27,000. Clear Street Markets LLC acquired a new position in shares of Global Payments in the fourth quarter valued at $27,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Global Payments in the third quarter valued at about $47,000. NBC Securities Inc. bought a new position in shares of Global Payments in the third quarter valued at about $51,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Global Payments by 46.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 498 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 157 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Up 1.3 %

GPN stock opened at $137.74 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $129.36 and its 200 day moving average is $121.69. The stock has a market cap of $35.87 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth 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 $138.33.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GPN shares. Raymond James dropped their price objective on shares of Global Payments from $155.00 to $147.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 1st. BMO Capital Markets began coverage on shares of Global Payments in a research report on Tuesday, December 5th. They issued a “market perform” rating and a $138.00 price objective on the stock. Oppenheimer raised their price target on shares of Global Payments from $130.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. UBS Group reaffirmed a “neutral” rating and set a $130.00 price target on shares of Global Payments in a research report on Friday, October 20th. Finally, Susquehanna lowered their price target on shares of Global Payments from $180.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.37.

Get Our Latest Stock Report on GPN

Global Payments Company 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.

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

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