Comerica Bank boosted its stake in Global Payments Inc (NYSE:GPN) by 24.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,058 shares of the business services provider’s stock after purchasing an additional 8,729 shares during the period. Comerica Bank’s holdings in Global Payments were worth $5,054,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GPN. Macquarie Group Ltd. grew its position in Global Payments by 273.6% in the 2nd quarter. Macquarie Group Ltd. now owns 28,578 shares of the business services provider’s stock worth $2,582,000 after purchasing an additional 20,928 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Global Payments by 58.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,322 shares of the business services provider’s stock worth $661,000 after purchasing an additional 2,694 shares during the period. Nomura Holdings Inc. grew its position in shares of Global Payments by 202.0% during the 2nd quarter. Nomura Holdings Inc. now owns 12,837 shares of the business services provider’s stock valued at $1,160,000 after acquiring an additional 8,587 shares during the period. Castleark Management LLC bought a new stake in shares of Global Payments during the 2nd quarter valued at $253,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Global Payments by 9.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 283 shares during the period. 98.53% of the stock is owned by institutional investors and hedge funds.

Global Payments Inc (GPN) opened at $106.85 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Global Payments Inc has a one year low of $76.47 and a one year high of $113.26. The firm has a market cap of $16,932.75, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.58 and a beta of 1.14.

In related news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction 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 transaction, the director now 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. In the last 90 days, insiders have sold 3,600 shares of company stock worth $370,602. 0.93% of the stock is owned by corporate insiders.

GPN has been the subject of a number of recent research reports. Stephens raised shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Tuesday, January 9th. Piper Jaffray Companies boosted their price objective on shares of Global Payments to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $122.00 price objective on shares of Global Payments in a research report on Friday, December 22nd. Nomura boosted their price objective on shares of Global Payments from $83.00 to $85.00 and gave the company a “reduce” rating in a research report on Thursday, November 9th. Finally, Robert W. Baird reissued a “buy” rating and set a $124.00 price objective on shares of Global Payments in a research report on Tuesday, January 23rd. Two research 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 company currently has a consensus rating of “Buy” and an average price target of $105.51.

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Global Payments 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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