SYM FINANCIAL Corp Has $313,000 Stake in Global Payments Inc. (NYSE:GPN)

SYM FINANCIAL Corp increased its stake in Global Payments Inc. (NYSE:GPN) by 14.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,792 shares of the business services provider’s stock after purchasing an additional 352 shares during the quarter. SYM FINANCIAL Corp’s holdings in Global Payments were worth $313,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new stake in shares of Global Payments during the 3rd quarter worth $25,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments during the third quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in shares of Global Payments in the third quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. grew its position in Global Payments by 59.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after buying an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Global Payments during the third quarter worth about $50,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Global Payments stock opened at $112.92 on Monday. The firm has a market cap of $28.74 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 0.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day moving average price is $112.82 and its two-hundred day moving average price is $108.04. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of research reports. Barclays raised their price objective on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada decreased 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. Keefe, Bruyette & Woods increased their price objective on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group restated a “neutral” rating and set a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Finally, Jefferies Financial Group dropped their price objective on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Global Payments has a consensus rating of “Hold” and an average target price of $135.71.

Insiders Place Their Bets

In other news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, with a total value of $672,800.00. Following the completion of the purchase, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

Global Payments Company 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.