Community Bank & Trust Waco Texas Has $1.66 Million Stock Position in Global Payments Inc. (NYSE:GPN)

Community Bank & Trust Waco Texas decreased its position in shares of Global Payments Inc. (NYSE:GPN) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,831 shares of the business services provider’s stock after selling 1,283 shares during the period. Community Bank & Trust Waco Texas’ holdings in Global Payments were worth $1,662,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position 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 valued at $330,516,000 after purchasing an additional 349,457 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Global Payments by 65.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock valued at $203,047,000 after buying an additional 785,539 shares in the last quarter. Entropy Technologies LP bought a new position in Global Payments during the third quarter valued at about $562,000. Caprock Group LLC raised its holdings in Global Payments by 9.8% during the fourth quarter. Caprock Group LLC now owns 2,313 shares of the business services provider’s stock valued at $259,000 after buying an additional 206 shares in the last quarter. Finally, Poplar Forest Capital LLC bought a new position in Global Payments during the third quarter valued at about $13,184,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Buying and Selling at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

GPN has been the topic of several recent research reports. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and cut their target price for the company from $135.00 to $112.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Barclays raised their target price on Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $135.71.

Global Payments Stock Down 0.1 %

Shares of NYSE GPN opened at $109.53 on Tuesday. The stock has a market cap of $27.87 billion, a PE ratio of 20.63, a PEG ratio of 0.80 and a beta of 1.01. The business has a fifty day moving average of $112.01 and a two-hundred day moving average of $108.44. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93.

Global Payments Company 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.