ABN Amro Investment Solutions Has $92,000 Stock Holdings in Global Payments Inc. $GPN

ABN Amro Investment Solutions reduced its position in Global Payments Inc. (NYSE:GPN) by 66.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 100,000 shares of the business services provider’s stock after selling 200,000 shares during the period. ABN Amro Investment Solutions’ holdings in Global Payments were worth $92,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Global Payments during the 2nd quarter worth approximately $273,844,000. Balyasny Asset Management L.P. lifted its holdings in Global Payments by 480.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,074,669 shares of the business services provider’s stock valued at $86,017,000 after purchasing an additional 889,590 shares during the last quarter. Hsbc Holdings PLC boosted its position in Global Payments by 99.5% during the second quarter. Hsbc Holdings PLC now owns 1,124,558 shares of the business services provider’s stock worth $89,820,000 after purchasing an additional 560,936 shares during the period. Natixis increased its holdings in shares of Global Payments by 205.6% in the second quarter. Natixis now owns 778,204 shares of the business services provider’s stock valued at $62,287,000 after purchasing an additional 523,555 shares during the last quarter. Finally, Glenview Capital Management LLC raised its position in shares of Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after purchasing an additional 523,209 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Buying and Selling

In other news, insider David Lawrence Green sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total value of $927,884.00. Following the completion of the transaction, the insider directly owned 68,096 shares in the company, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of Global Payments stock in a transaction that occurred on Thursday, December 11th. The shares were purchased at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the transaction, the director directly owned 59,303 shares in the company, valued at $4,828,450.26. This represents a 21.25% increase in their position. The SEC filing for this purchase provides additional information. 1.01% of the stock is owned by company insiders.

Global Payments Trading Up 1.9%

Shares of NYSE:GPN opened at $69.81 on Wednesday. The business’s 50 day simple moving average is $76.03 and its 200 day simple moving average is $80.41. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $107.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $16.53 billion, a P/E ratio of 9.80, a P/E/G ratio of 0.45 and a beta of 0.76.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Cantor Fitzgerald upgraded shares of Global Payments to a “hold” rating in a research note on Tuesday, January 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Global Payments in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lowered their target price on Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Rothschild & Co Redburn boosted their price target on Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada increased their price objective on Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $91.75.

Global Payments Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.