Global Payments Inc. (NYSE:GPN) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in shares of Global Payments Inc. (NYSE:GPNFree Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,896 shares of the business services provider’s stock after selling 11,380 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of Global Payments worth $31,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GPN. BluePath Capital Management LLC bought a new position in Global Payments during the 3rd quarter worth $27,000. Clear Street Markets LLC bought a new position in Global Payments during the 4th quarter worth $27,000. Moisand Fitzgerald Tamayo LLC bought a new position in Global Payments during the 3rd quarter worth $47,000. NBC Securities Inc. bought a new position in Global Payments during the 3rd quarter worth $51,000. Finally, Credit Agricole S A bought a new position in Global Payments during the 2nd quarter worth $55,000. 85.23% of the stock is currently owned by institutional investors.

Global Payments Trading Down 0.5 %

Shares of NYSE GPN opened at $136.00 on Friday. The business has a fifty day simple moving average of $129.01 and a 200-day simple moving average of $121.34. The company has a market cap of $35.41 billion, a price-to-earnings ratio of 40.72, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.73. Global Payments Inc. has a 12 month low of $94.05 and a 12 month high of $138.07.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GPN. BMO Capital Markets started coverage on Global Payments in a research note on Tuesday, December 5th. They set a “market perform” rating and a $138.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $154.00 price target on shares of Global Payments in a research note on Tuesday, December 19th. B. Riley increased 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, February 5th. Raymond James decreased 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. Finally, Evercore ISI raised Global Payments from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $129.00 to $185.00 in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.37.

View Our Latest Stock Analysis on GPN

Global Payments Company 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.

Featured Articles

Want to see what other hedge funds are holding GPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Payments Inc. (NYSE:GPNFree Report).

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

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.