Global Payments Inc. (NYSE:GPN) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its position in Global Payments Inc. (NYSE:GPN) by 18.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,173 shares of the business services provider’s stock after selling 2,954 shares during the quarter. First Hawaiian Bank’s holdings in Global Payments were worth $1,274,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GPN. New Covenant Trust Company N.A. bought a new position in Global Payments during the first quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Global Payments in the fourth quarter valued at about $30,000. LRI Investments LLC acquired a new position in Global Payments during the 1st quarter valued at about $32,000. West Paces Advisors Inc. boosted its position in shares of Global Payments by 54.5% in the 1st quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock worth $41,000 after purchasing an additional 109 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in Global Payments by 154.7% in the first quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 215 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup decreased their price target on Global Payments from $163.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. BMO Capital Markets cut their price target on Global Payments from $143.00 to $128.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods cut their price target on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Barclays dropped their price objective on shares of Global Payments from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Susquehanna decreased their price target on shares of Global Payments from $160.00 to $157.00 and set a “positive” rating for the company in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Global Payments currently has an average rating of “Moderate Buy” and an average price target of $145.35.

Global Payments Trading Up 1.8 %

NYSE:GPN traded up $1.63 on Tuesday, hitting $94.29. The stock had a trading volume of 1,678,781 shares, compared to its average volume of 2,281,808. The stock has a market cap of $24.07 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 0.63 and a beta of 0.98. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $97.59 and a two-hundred day moving average price of $116.06. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $141.77.

Insider Activity at Global Payments

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $111.34, for a total transaction of $367,422.00. Following the completion of the transaction, the vice president now owns 25,209 shares in the company, valued at approximately $2,806,770.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is currently owned by company insiders.

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 two segments, Merchant Solutions and Issuer 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.