Vanguard Personalized Indexing Management LLC boosted its position in Global Payments Inc. (NYSE:GPN – Free Report) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,969 shares of the business services provider’s stock after buying an additional 473 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Global Payments were worth $920,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of GPN. Norges Bank purchased a new position in Global Payments in the 4th quarter valued at approximately $261,300,000. Boston Partners increased its stake in Global Payments by 40.5% in the 3rd quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock valued at $591,613,000 after purchasing an additional 1,481,714 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Global Payments in the 4th quarter valued at approximately $131,733,000. Morgan Stanley increased its stake in Global Payments by 50.0% in the 4th quarter. Morgan Stanley now owns 3,055,514 shares of the business services provider’s stock valued at $303,474,000 after purchasing an additional 1,018,338 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in Global Payments by 241.2% during the second quarter. Hsbc Holdings PLC now owns 1,301,993 shares of the business services provider’s stock worth $128,704,000 after buying an additional 920,422 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on GPN. TheStreet raised Global Payments from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. Raymond James dropped their price target on Global Payments from $155.00 to $147.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. UBS Group reissued a “neutral” rating and set a $130.00 price target on shares of Global Payments in a research report on Friday, October 20th. Royal Bank of Canada reissued an “outperform” rating and set a $154.00 price target on shares of Global Payments in a research report on Tuesday, December 19th. Finally, KeyCorp raised their price target on Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.37.
Global Payments Price Performance
Shares of Global Payments stock opened at $137.74 on Tuesday. Global Payments Inc. has a twelve month low of $94.05 and a twelve month high of $138.33. The stock has a market capitalization of $35.87 billion, a P/E ratio of 41.24, a PEG ratio of 0.83 and a beta of 1.00. 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 business’s fifty day moving average price is $129.36 and its 200 day moving average price is $121.69.
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 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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