Forsta AP Fonden Purchases 900 Shares of Global Payments Inc. (NYSE:GPN)

Forsta AP Fonden increased its holdings in Global Payments Inc. (NYSE:GPN) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,300 shares of the business services provider’s stock after acquiring an additional 900 shares during the period. Forsta AP Fonden’s holdings in Global Payments were worth $5,637,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Pzena Investment Management LLC grew its stake in Global Payments by 3.4% in the 3rd quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock valued at $679,952,000 after purchasing an additional 215,399 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Global Payments by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock worth $605,078,000 after buying an additional 31,934 shares during 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 buying an additional 83,481 shares during the period. Nordea Investment Management AB increased its holdings in Global Payments by 13.4% during 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 buying an additional 349,457 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Global Payments by 22.7% in the third quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after acquiring an additional 490,411 shares during the period. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GPN shares. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group lowered their target price on Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price target on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley increased their target price on shares of Global Payments from $156.00 to $166.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $135.71.

Global Payments Trading Up 0.0 %

Shares of Global Payments stock opened at $112.92 on Friday. The company has a 50 day simple moving average of $112.90 and a two-hundred day simple moving average of $107.91. The firm has a market cap of $28.74 billion, a PE ratio of 21.27, a PEG ratio of 0.79 and a beta of 1.00. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Insider Transactions at Global Payments

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

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.