Union Bancaire Privee UBP SA Buys Shares of 4,241 Global Payments Inc. (NYSE:GPN)

Union Bancaire Privee UBP SA purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,241 shares of the business services provider’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GPN. Public Sector Pension Investment Board increased its position in shares of Global Payments by 64.5% during the second quarter. Public Sector Pension Investment Board now owns 9,417 shares of the business services provider’s stock valued at $911,000 after acquiring an additional 3,691 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Global Payments by 230.3% during the second quarter. APG Asset Management N.V. now owns 31,265 shares of the business services provider’s stock valued at $2,821,000 after acquiring an additional 21,800 shares in the last quarter. Mackenzie Financial Corp grew its position in Global Payments by 91.4% in the 2nd quarter. Mackenzie Financial Corp now owns 53,107 shares of the business services provider’s stock worth $5,135,000 after purchasing an additional 25,365 shares during the period. Algert Global LLC bought a new stake in Global Payments in the 2nd quarter worth approximately $479,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Global Payments by 35.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,962 shares of the business services provider’s stock worth $2,801,000 after purchasing an additional 7,615 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of NYSE GPN opened at $110.38 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $28.09 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.78 and a beta of 1.00. The firm’s fifty day moving average is $113.15 and its two-hundred day moving average is $107.77. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GPN. Oppenheimer began coverage on shares of Global Payments in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. cut their target price on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their target price on shares of Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Stephens downgraded shares of Global Payments from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and a consensus target price of $135.71.

Insider Buying and Selling at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. The trade was a 15.70 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is currently owned by insiders.

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.