SYM FINANCIAL Corp Increases Position in Global Payments Inc. (NYSE:GPN)

SYM FINANCIAL Corp boosted its stake in Global Payments Inc. (NYSE:GPN) by 14.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,792 shares of the business services provider’s stock after purchasing an additional 352 shares during the period. SYM FINANCIAL Corp’s holdings in Global Payments were worth $313,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Algert Global LLC purchased a new stake in Global Payments in the second quarter worth approximately $479,000. Sanctuary Advisors LLC bought a new stake in shares of Global Payments in the 2nd quarter worth approximately $900,000. Czech National Bank raised its position in shares of Global Payments by 6.6% in the 3rd quarter. Czech National Bank now owns 51,831 shares of the business services provider’s stock worth $5,309,000 after purchasing an additional 3,190 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Global Payments by 7.7% in the third quarter. Handelsbanken Fonder AB now owns 64,736 shares of the business services provider’s stock worth $6,630,000 after buying an additional 4,611 shares in the last quarter. Finally, Fulton Bank N.A. bought a new stake in shares of Global Payments in the 3rd quarter worth $235,000. 89.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GPN shares. Keefe, Bruyette & Woods increased their price target on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays increased 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. Stephens lowered shares of Global Payments from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $125.00 to $120.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. dropped their price objective on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and an average price target of $135.71.

Insider Activity at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $116.00 per share, with a total value of $672,800.00. Following the purchase, the director now directly owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by insiders.

Global Payments Price Performance

Global Payments stock opened at $112.92 on Monday. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.79 and a beta of 1.00. The firm’s fifty day moving average is $112.82 and its 200 day moving average is $108.04. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

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.