North Star Asset Management Inc. trimmed its holdings in shares of Global Payments Inc (NYSE:GPN) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 164,313 shares of the business services provider’s stock after selling 4,300 shares during the quarter. Global Payments accounts for about 1.5% of North Star Asset Management Inc.’s holdings, making the stock its 12th biggest position. North Star Asset Management Inc.’s holdings in Global Payments were worth $16,471,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GPN. Russell Investments Group Ltd. increased its holdings in Global Payments by 3.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 58,410 shares of the business services provider’s stock valued at $5,551,000 after buying an additional 2,081 shares during the period. Wells Fargo & Company MN increased its holdings in Global Payments by 9.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,679,426 shares of the business services provider’s stock valued at $159,596,000 after buying an additional 142,950 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Global Payments by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,401 shares of the business services provider’s stock valued at $1,178,000 after buying an additional 1,072 shares during the period. Capital Bank & Trust Co increased its holdings in Global Payments by 102.2% in the 3rd quarter. Capital Bank & Trust Co now owns 393,153 shares of the business services provider’s stock valued at $37,361,000 after buying an additional 198,713 shares during the period. Finally, Stifel Financial Corp increased its holdings in Global Payments by 29.5% in the 3rd quarter. Stifel Financial Corp now owns 167,462 shares of the business services provider’s stock valued at $15,922,000 after buying an additional 38,149 shares during the period. 98.85% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Inc (NYSE GPN) traded down $0.19 during trading hours on Thursday, reaching $111.59. 964,985 shares of the company traded hands, compared to its average volume of 981,308. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments Inc has a twelve month low of $76.03 and a twelve month high of $113.26. The firm has a market cap of $17,725.28, a P/E ratio of 62.45, a PEG ratio of 1.66 and a beta of 1.11.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $917.31 million. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. equities analysts predict that Global Payments Inc will post 3.81 earnings per share for the current fiscal year.

In related news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $106.05, for a total transaction of $63,630.00. Following the sale, the director now directly owns 44,293 shares in the company, valued at approximately $4,697,272.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 3,600 shares of company stock worth $366,270. 0.93% of the stock is owned by corporate insiders.

Several equities analysts have commented on the stock. Robert W. Baird reissued a “buy” rating and issued a $124.00 target price on shares of Global Payments in a report on Tuesday, January 23rd. Oppenheimer raised their target price on shares of Global Payments from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Stephens raised shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 target price on the stock in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $122.00 target price on shares of Global Payments in a report on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $105.26.

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Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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