ABN Amro Investment Solutions Has $92,000 Stock Position in Global Payments Inc. $GPN

ABN Amro Investment Solutions cut its holdings in Global Payments Inc. (NYSE:GPN) by 66.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 100,000 shares of the business services provider’s stock after selling 200,000 shares during the quarter. ABN Amro Investment Solutions’ holdings in Global Payments were worth $92,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Thomasville National Bank boosted its stake in shares of Global Payments by 0.7% in the 3rd quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock valued at $1,483,000 after purchasing an additional 125 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Global Payments by 23.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock valued at $67,000 after buying an additional 152 shares in the last quarter. Swedbank AB grew its stake in shares of Global Payments by 0.3% during the third quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after buying an additional 154 shares during the last quarter. Oakworth Capital Inc. increased its holdings in shares of Global Payments by 1.7% during the third quarter. Oakworth Capital Inc. now owns 11,271 shares of the business services provider’s stock worth $936,000 after buying an additional 186 shares in the last quarter. Finally, Samalin Investment Counsel LLC increased its holdings in shares of Global Payments by 4.8% during the second quarter. Samalin Investment Counsel LLC now owns 4,308 shares of the business services provider’s stock worth $345,000 after buying an additional 197 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Up 1.9%

Shares of NYSE GPN opened at $69.81 on Wednesday. The company’s 50 day moving average price is $76.03 and its 200-day moving average price is $80.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85. Global Payments Inc. has a 52-week low of $65.93 and a 52-week high of $107.27. The company has a market capitalization of $16.53 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 0.45 and a beta of 0.76.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Jefferies Financial Group reduced their price target on Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Evercore lowered their price objective on Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. Raymond James Financial reiterated an “outperform” rating and set a $105.00 target price on shares of Global Payments in a research report on Tuesday, November 4th. Finally, Citigroup raised shares of Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Global Payments has a consensus rating of “Hold” and an average price target of $91.75.

Insider Buying and Selling at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of Global Payments stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total value of $927,884.00. Following the completion of the sale, the insider directly owned 68,096 shares in the company, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were acquired at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the completion of the acquisition, the director directly owned 59,303 shares in the company, valued at approximately $4,828,450.26. This represents a 21.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.01% of the company’s stock.

Global Payments Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.