Tectonic Advisors LLC Buys 399 Shares of Global Payments Inc. (NYSE:GPN)

Tectonic Advisors LLC increased its position in Global Payments Inc. (NYSE:GPN) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,967 shares of the business services provider’s stock after acquiring an additional 399 shares during the quarter. Tectonic Advisors LLC’s holdings in Global Payments were worth $445,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the 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 transaction, the director now 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 filing with the SEC, which can be accessed through this link. 0.98% of the stock is currently owned by company insiders.

Global Payments Stock Down 0.8 %

GPN stock opened at $110.93 on Friday. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The firm has a market cap of $28.23 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.81 and a beta of 1.01. The business has a 50 day moving average of $112.36 and a 200 day moving average of $108.23. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Analyst Ratings Changes

Several analysts have issued reports on GPN shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. JPMorgan Chase & Co. cut 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 report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada decreased their price target on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Global Payments presently has an average rating of “Hold” and a consensus price target of $135.71.

Global Payments 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.