Global Payments Inc. $GPN Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance boosted its position in shares of Global Payments Inc. (NYSE:GPN) by 260.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,446 shares of the business services provider’s stock after acquiring an additional 21,278 shares during the quarter. Independent Advisor Alliance’s holdings in Global Payments were worth $2,446,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GPN. Thomasville National Bank boosted its stake in shares of Global Payments by 0.7% in the third 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 during the period. LRI Investments LLC lifted its holdings in Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after buying an additional 133 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Global Payments by 23.4% in the 3rd 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 during the period. Swedbank AB grew its stake in shares of Global Payments by 0.3% in the third quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after acquiring an additional 154 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of Global Payments by 5.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,320 shares of the business services provider’s stock worth $266,000 after acquiring an additional 161 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Cantor Fitzgerald upgraded Global Payments to a “hold” rating in a report on Tuesday, January 27th. Zacks Research raised Global Payments to a “hold” rating in a research report on Tuesday, November 18th. Stephens lowered their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Wells Fargo & Company upgraded shares of Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, UBS Group reissued a “neutral” rating and issued a $93.00 price objective on shares of Global Payments in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and a consensus target price of $97.82.

Insider Activity

In other news, Director Connie D. Mcdaniel sold 4,464 shares of Global Payments stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the sale, the director owned 30,014 shares in the company, valued at approximately $2,335,389.34. The trade was a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia A. Watson bought 1,331 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $75.06 per share, with a total value of $99,904.86. Following the completion of the transaction, the director owned 2,651 shares in the company, valued at approximately $198,984.06. This trade represents a 100.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. 1.01% of the stock is owned by insiders.

Global Payments Stock Performance

Shares of Global Payments stock opened at $72.02 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $112.50. The firm’s 50 day moving average is $77.52 and its two-hundred day moving average is $81.34. The firm has a market capitalization of $17.05 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.47 and a beta of 0.76.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.03. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same quarter in the previous year, the firm earned $3.08 EPS. Research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

About Global Payments

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.