Fiduciary Financial Group LLC Takes $282,000 Position in Global Payments Inc. (NYSE:GPN)

Fiduciary Financial Group LLC purchased a new stake in Global Payments Inc. (NYSE:GPN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,669 shares of the business services provider’s stock, valued at approximately $282,000.

A number of other large investors also recently made changes to their positions in GPN. Massachusetts Financial Services Co. MA lifted its stake in shares of Global Payments by 65.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock valued at $203,047,000 after purchasing an additional 785,539 shares during the period. AQR Capital Management LLC increased its position in shares of Global Payments by 188.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after buying an additional 755,898 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of 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 valued at $271,090,000 after buying an additional 490,411 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Global Payments by 316.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider’s stock worth $58,981,000 after purchasing an additional 463,568 shares in the last quarter. Finally, Soros Fund Management LLC bought a new position in Global Payments during the 3rd quarter worth about $47,113,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GPN shares. JPMorgan Chase & Co. lowered their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Barclays increased their target price on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Seaport Res Ptn cut Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. William Blair cut Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. Finally, Morgan Stanley increased their target price on Global Payments from $156.00 to $166.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $135.71.

Global Payments Stock Up 0.9 %

Shares of GPN opened at $109.11 on Thursday. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The firm’s 50 day moving average is $114.24 and its 200-day moving average is $106.96. The stock has a market capitalization of $27.77 billion, a PE ratio of 20.55, a P/E/G ratio of 0.88 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Global Payments’s dividend payout ratio is presently 18.83%.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired 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 directly owns 42,738 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. 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.