Quadrant Capital Group LLC Decreases Holdings in Global Payments Inc. (NYSE:GPN)

Quadrant Capital Group LLC Decreases Holdings in Global Payments Inc. (NYSE:GPN)


Quadrant Capital Group LLC cut its holdings in shares of Global Payments Inc. (NYSE:GPN – Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,299 shares of the business services provider’s stock after selling 106 shares during the quarter. Quadrant Capital Group LLC’s holdings in Global Payments were worth $165,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Global Payments by 70.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the business services provider’s stock worth $72,000 after purchasing an additional 233 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its holdings in shares of Global Payments by 35.4% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 46,953 shares of the business services provider’s stock worth $5,963,000 after purchasing an additional 12,273 shares during the last quarter. Waverly Advisors LLC grew its holdings in shares of Global Payments by 60.5% in the third quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider’s stock worth $2,261,000 after purchasing an additional 7,387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Global Payments by 6.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 255,468 shares of the business services provider’s stock worth $32,064,000 after purchasing an additional 15,655 shares during the last quarter. Finally, Shaker Investments LLC OH bought a new position in shares of Global Payments in the fourth quarter worth approximately $1,815,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on GPN. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a report on Thursday, February 1st. Barclays cut their price target on shares of Global Payments from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. KeyCorp cut their price target on shares of Global Payments from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Royal Bank of Canada lifted their price target on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Susquehanna cut their price target on shares of Global Payments from $160.00 to $157.00 and set a “positive” rating on the stock in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.11.

Check Out Our Latest Stock Analysis on Global Payments

Global Payments Price Performance

Shares of NYSE:GPN opened at $107.36 on Wednesday. Global Payments Inc. has a fifty-two week low of $95.12 and a fifty-two week high of $141.77. The business has a 50-day simple moving average of $122.52 and a two-hundred day simple moving average of $124.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 0.68 and a beta of 0.97.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. Global Payments’s dividend payout ratio is currently 19.84%.

Insider Buying and Selling at Global Payments

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $111.34, for a total transaction of $367,422.00. Following the completion of the sale, the vice president now directly owns 25,209 shares in the company, valued at approximately $2,806,770.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.98% of the company’s stock.

About Global Payments

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)



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