Dubuque Bank & Trust Co. bought a new stake in Global Payments Inc (NYSE:GPN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,025 shares of the business services provider’s stock, valued at approximately $403,000.

A number of other hedge funds have also recently added to or reduced their stakes in GPN. Capital International Investors increased its holdings in Global Payments by 39.1% in the 3rd quarter. Capital International Investors now owns 2,678,334 shares of the business services provider’s stock valued at $254,522,000 after buying an additional 752,962 shares during the period. Atlanta Capital Management Co. L L C bought a new position in Global Payments in the 3rd quarter valued at about $23,161,000. 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. Pictet Asset Management Ltd. increased its holdings in Global Payments by 13.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,402,879 shares of the business services provider’s stock valued at $133,316,000 after buying an additional 163,665 shares during the period. Finally, 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. 98.79% of the stock is currently owned by hedge funds and other institutional investors.

GPN has been the topic of several research reports. Oppenheimer lifted their price target 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. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $113.00 price target on shares of Global Payments in a report on Friday, November 17th. BMO Capital Markets lifted their price target on shares of Global Payments from $103.00 to $115.00 and gave the company a “positive” rating in a report on Thursday, November 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $108.00 price target (up from $100.00) on shares of Global Payments in a report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Mizuho reaffirmed a “buy” rating and set a $105.00 price target on shares of Global Payments in a report on Sunday, October 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $105.26.

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.

Shares of Global Payments Inc (NYSE GPN) opened at $100.59 on Friday. 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 1 year low of $76.47 and a 1 year high of $113.26. The company has a market cap of $16,920.02, a P/E ratio of 56.20, a P/E/G ratio of 1.58 and a beta of 1.14.

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. analysts predict that Global Payments Inc will post 3.81 earnings per share for the current year.

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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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