2 hours Ago By ABMN Staff
Global Payments Inc. ( NYSE:GPN – Get Free Report ) has received an average rating of “Hold” from the twenty-six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and thirteen have given a buy recommendation to the company.
The average 1 year target price among brokerages that have covered the stock in the last year is $135.71. Several research analysts have recently commented on GPN shares.
Morgan Stanley lifted their price target on shares of Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th.
StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research 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 research note on Tuesday, December 17th. Keefe, Bruyette & Woods lifted their target price on shares of Global Payments from $130.
00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada cut their price objective on shares of Global Payments from $143.
00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Get Our Latest Research Report on Global Payments Global Payments Price Performance Insider Buying and Selling at Global Payments In other Global Payments news, Director Robert H.
B. Baldwin, Jr. acquired 5,800 shares of Global Payments 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 completion of the purchase, 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 link . Insiders own 0.98% of the company’s stock.
Institutional Investors Weigh In On Global Payments A number of hedge funds have recently made changes to their positions in GPN. Cromwell Holdings LLC bought a new stake in shares of Global Payments during the third quarter worth $25,000. Beaird Harris Wealth Management LLC bought a new stake in Global Payments during the 3rd quarter worth $25,000.
Capital Performance Advisors LLP acquired a new position in Global Payments in the 3rd quarter worth about $33,000. Whittier Trust Co. of Nevada Inc.
raised its position in Global Payments by 59.6% in the third quarter. Whittier Trust Co.
of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Global Payments by 134.
4% during the second quarter. Quarry LP now owns 511 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 293 shares in the last quarter. 89.
76% of the stock is currently owned by institutional investors and hedge funds. About Global Payments ( Get 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. See Also Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter .
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