AlphaMark Advisors LLC Buys 237 Shares of Global Payments Inc. (NYSE:GPN)

AlphaMark Advisors LLC increased its stake in Global Payments Inc. (NYSE:GPN) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,909 shares of the business services provider’s stock after purchasing an additional 237 shares during the quarter. AlphaMark Advisors LLC’s holdings in Global Payments were worth $998,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC raised its stake in shares of Global Payments by 3.4% in the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock valued at $679,952,000 after buying an additional 215,399 shares during the period. Geode Capital Management LLC raised its stake in Global Payments by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock valued at $605,078,000 after acquiring an additional 31,934 shares during the period. Franklin Resources Inc. raised its stake in Global Payments by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock valued at $564,437,000 after acquiring an additional 83,481 shares during the period. Nordea Investment Management AB boosted its position in Global Payments by 13.4% during the fourth quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock worth $330,516,000 after purchasing an additional 349,457 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Global Payments by 22.7% in the third quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after purchasing an additional 490,411 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, the director now directly owns 42,738 shares in the company, valued at $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by insiders.

Global Payments Price Performance

Shares of NYSE:GPN opened at $108.92 on Friday. The company’s fifty day moving average is $113.26 and its 200 day moving average is $107.50. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The stock has a market cap of $27.72 billion, a PE ratio of 20.51, a PEG ratio of 0.78 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. Global Payments’s dividend payout ratio (DPR) is currently 18.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $135.00 to $112.00 in a report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. JPMorgan Chase & Co. cut their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Finally, Stephens lowered Global Payments from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $125.00 to $120.00 in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $135.71.

About Global Payments

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.