Kestra Private Wealth Services LLC Acquires 1,118 Shares of Global Payments Inc. (NYSE:GPN)

Kestra Private Wealth Services LLC grew its position in shares of Global Payments Inc. (NYSE:GPNFree Report) by 39.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,985 shares of the business services provider’s stock after purchasing an additional 1,118 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Global Payments were worth $460,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in shares of Global Payments during the third quarter worth about $27,000. Clear Street Markets LLC purchased a new position in shares of Global Payments during the fourth quarter worth approximately $27,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Global Payments during the third quarter worth $47,000. NBC Securities Inc. acquired a new stake in shares of Global Payments during the third quarter worth $51,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Global Payments by 46.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 498 shares of the business services provider’s stock worth $57,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Global Payments Trading Up 0.8 %

GPN stock opened at $137.01 on Thursday. The business has a fifty day moving average price of $128.28 and a 200 day moving average price of $121.07. Global Payments Inc. has a fifty-two week low of $94.05 and a fifty-two week high of $138.07. The stock has a market capitalization of $35.68 billion, a price-to-earnings ratio of 41.02, a P/E/G ratio of 0.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.09 and a quick ratio of 1.09.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GPN. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BTIG Research started coverage on Global Payments in a report on Monday, November 20th. They issued a “buy” rating and a $135.00 target price for the company. B. Riley lifted their price target on Global Payments from $180.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp lifted their price target on Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Finally, Raymond James cut their price target on Global Payments from $155.00 to $147.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Global Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.37.

View Our Latest Research Report on Global Payments

Global Payments Profile

(Free Report)

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 three segments: Merchant Solutions, Issuer Solutions, and Consumer 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.

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

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