Deltec Asset Management LLC Invests $482,000 in Global Payments Inc. (NYSE:GPN)

Deltec Asset Management LLC acquired a new position in Global Payments Inc. (NYSE:GPN) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,300 shares of the business services provider’s stock, valued at approximately $482,000.

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

Global Payments Trading Down 0.5 %

NYSE GPN opened at $110.12 on Wednesday. The stock has a market capitalization of $28.03 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.81 and a beta of 1.01. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The stock’s 50 day moving average price is $112.52 and its two-hundred day moving average price is $108.20. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93.

Insider Transactions at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at $4,957,608. This represents a 15.70 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GPN shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $122.00 price objective (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Stephens lowered Global Payments from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $125.00 to $120.00 in a research report on Friday, January 10th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Sanford C. Bernstein cut 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 note on Tuesday, October 22nd. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.