Jamison Private Wealth Management Inc. Has $602,000 Stake in Global Payments Inc. (NYSE:GPN)

Jamison Private Wealth Management Inc. reduced its holdings in Global Payments Inc. (NYSE:GPN) by 37.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,371 shares of the business services provider’s stock after selling 3,182 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Global Payments were worth $602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC bought a new stake in shares of Global Payments during the third quarter worth $25,000. Beaird Harris Wealth Management LLC acquired a new position in Global Payments during the 3rd quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in Global Payments during the 3rd quarter worth about $33,000. Whittier Trust Co. of Nevada Inc. increased its position in Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of Global Payments in the third quarter worth about $50,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Trading Up 1.0 %

GPN opened at $108.92 on Friday. The firm’s fifty day simple moving average is $113.26 and its 200 day simple moving average is $107.50. The stock has a market capitalization of $27.72 billion, a P/E ratio of 20.51, a P/E/G ratio of 0.78 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Global Payments’s dividend payout ratio is currently 18.83%.

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $116.00 per share, with a total value of $672,800.00. Following the completion of the transaction, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein cut shares of Global Payments from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $135.00 to $112.00 in a research note on Tuesday, October 22nd. Morgan Stanley lifted their target price on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada cut their price target on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Oppenheimer assumed coverage on Global Payments in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods upped their target price on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and an average price target of $135.71.

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.