Global Payments Inc. (NYSE:GPN) Position Increased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Global Payments Inc. (NYSE:GPN) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,374 shares of the business services provider’s stock after buying an additional 1,507 shares during the period. Pacer Advisors Inc.’s holdings in Global Payments were worth $2,283,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GPN. Pzena Investment Management LLC raised its position in shares of Global Payments by 3.4% during the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock worth $679,952,000 after purchasing an additional 215,399 shares during the period. Geode Capital Management LLC grew its stake in Global Payments by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock valued at $605,078,000 after acquiring an additional 31,934 shares in the last quarter. Franklin Resources Inc. grew its position in Global Payments by 1.5% during the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock valued at $564,437,000 after purchasing an additional 83,481 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Global Payments by 13.4% in the fourth quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock worth $330,516,000 after acquiring an additional 349,457 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Global Payments by 22.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after purchasing an additional 490,411 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, the director now owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.98% of the company’s stock.

Global Payments Trading Up 0.0 %

Shares of Global Payments stock opened at $112.92 on Friday. The stock has a market capitalization of $28.74 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 0.79 and a beta of 1.00. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77. 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 50-day simple moving average of $112.90 and a 200 day simple moving average of $107.91.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GPN shares. Keefe, Bruyette & Woods lifted their target price 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. Sanford C. Bernstein downgraded Global Payments from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $135.00 to $112.00 in a research note on Tuesday, October 22nd. Royal Bank of Canada cut their price target on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Morgan Stanley increased their price objective on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and an average price target of $135.71.

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.