Thompson Investment Management Inc. Acquires 552 Shares of Global Payments Inc. (NYSE:GPN)

Thompson Investment Management Inc. lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,454 shares of the business services provider’s stock after purchasing an additional 552 shares during the quarter. Thompson Investment Management Inc.’s holdings in Global Payments were worth $2,852,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GPN. Sanctuary Advisors LLC acquired a new position in shares of Global Payments during the second quarter worth approximately $900,000. Mather Group LLC. raised its position in shares of Global Payments by 34.2% during the third quarter. Mather Group LLC. now owns 1,596 shares of the business services provider’s stock worth $163,000 after purchasing an additional 407 shares during the period. Atomi Financial Group Inc. raised its position in shares of Global Payments by 20.1% during the third quarter. Atomi Financial Group Inc. now owns 4,290 shares of the business services provider’s stock worth $439,000 after purchasing an additional 718 shares during the period. CWM LLC raised its position in shares of Global Payments by 11.4% during the third quarter. CWM LLC now owns 38,492 shares of the business services provider’s stock worth $3,942,000 after purchasing an additional 3,946 shares during the period. Finally, Tobam acquired a new position in shares of Global Payments during the third quarter worth approximately $71,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $122.00 price target (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Morgan Stanley increased their price target on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group lowered their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Barclays increased their price target on Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $135.71.

Global Payments Stock Down 1.5 %

Shares of NYSE GPN opened at $109.53 on Friday. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The business has a 50-day simple moving average of $112.01 and a two-hundred day simple moving average of $108.31. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market cap of $27.87 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.80 and a beta of 1.01.

Insider Activity

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

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.