Augustine Asset Management Inc. Has $5.56 Million Stake in Global Payments Inc. (NYSE:GPN)

Augustine Asset Management Inc. cut its stake in shares of Global Payments Inc. (NYSE:GPN) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,603 shares of the business services provider’s stock after selling 794 shares during the quarter. Global Payments makes up approximately 1.5% of Augustine Asset Management Inc.’s portfolio, making the stock its 11th biggest position. Augustine Asset Management Inc.’s holdings in Global Payments were worth $5,559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Tidal Investments LLC lifted its holdings in shares of Global Payments by 0.3% in the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock valued at $2,760,000 after purchasing an additional 86 shares in the last quarter. Sage Capital Advisors llc raised its position in Global Payments by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock valued at $3,164,000 after buying an additional 96 shares during the last quarter. SYM FINANCIAL Corp lifted its stake in Global Payments by 4.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 97 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in Global Payments by 1.2% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock worth $841,000 after acquiring an additional 98 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in Global Payments by 5.9% during the 4th quarter. Greenleaf Trust now owns 2,068 shares of the business services provider’s stock worth $232,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the purchase, the director now directly owns 42,738 shares of the company’s stock, valued at $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.98% of the company’s stock.

Global Payments Stock Down 2.4 %

Shares of NYSE GPN opened at $106.96 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market cap of $27.22 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.80 and a beta of 1.01. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The business has a 50-day simple moving average of $111.83 and a two-hundred day simple moving average of $108.51.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GPN shares. Keefe, Bruyette & Woods raised their price target on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Jefferies Financial Group dropped their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays lifted their price target on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $135.71.

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.